Key Highlights EUR/USD is facing hurdles near the 1.1120 and 1.1140 levels. A major contracting triangle is forming with support at 1.1060 on the 4-hour chart. GBP/USD is consolidating gains above the 1.3050 level. Oil prices extended losses below the $70.00 support. EUR/USD Technical Analysis The Euro started another increase from the 1.1025 support against […]
The post EUR/USD Faces Challenges: Can It Break To New Gains? appeared first on Action Forex.
Key Highlights USD/JPY started a fresh increase above the 142.00 resistance. It cleared a major bearish trend line with resistance at 142.20 on the 4-hour chart. EUR/USD failed to extend gains above the 1.1120 resistance. Read more…
The US Federal Reserve has chosen a ‘sprint first, then dawdle’ approach to rates normalisation. Dawdling makes sense given the neutral rate is uncertain and probably higher than pre-pandemic. The US Federal Reserve has started Read more…
Short term Elliott Wave view on Dow Futures (YM) suggests that cycle from 8.8.2024 low is in progress as an impulse. Up from 8.8.2024 low, wave (1) ended at 41682 and wave (2) pullback ended Read more…