In recent trading sessions, European currencies have shown mixed performance. The EUR/USD pair found support just below the 1.0800 level, while GBP/USD plunged below the critical 1.2900 support. Today, investors and market participants are awaiting U.S. labour market data, while next week’s U.S. election adds to the anticipation. This could lead to sharp increases in […]
The post Euro Retreats from Recent Lows, Pound Plummets After Budget Data Release appeared first on Action Forex.
Daily Pivots: (S1) 1.2830; (P) 1.2915; (R1) 1.2984; More… GBP/USD rebounded notably after dipping to 1.2842 and intraday bias is turned neutral again first. Further decline is expected as long as 1.3042 resistance holds. Below Read more…
Daily Pivots: (S1) 1.0856; (P) 1.0872; (R1) 1.0900; More… EUR/USD’s rebound from 1.0760 short term bottom continues today and intraday bias stays on the upside for 55 D EMA (now at 1.0945). Strong resistance should Read more…
The U.S. economy added far fewer-than-expected new jobs last month, as twin hurricanes in Florida and the Southeast, as well as a crippling strike at planemaker Boeing, disrupted a solid set of autumn employment figures. Read more…