Key Highlights EUR/USD struggled to recover above the 1.0900 resistance zone. A connecting trend line is forming with resistance at 1.0900 on the 4-hour chart. GBP/USD is signaling a bearish bias below the 1.3050 resistance. Gold corrected gains and traded below $2,750. EUR/USD Technical Analysis The Euro started an upside correction above the 1.0820 level […]
The post EUR/USD Bears Eye Control: Is the Downtrend Set to Continue? appeared first on Action Forex.
EUR/USD’s decline from 1.1213 continued last week and accelerated to as low as 1.0330. There is no sign of bottoming yet and initial bias stays on the downside this week. Sustained trading below 1.0404 key Read more…
USD//JPY stayed in consolidation below 156.74 last week. and initial bias stays neutral this week first. On the downside, break of 153.27 will bring deeper correction to 38.2% retracement of 139.57 to 156.74 at 150.18. Read more…
GBP/USD’s fall from 1.3433 continued last week and there is no sign of bottoming yet. Initial bias stays on the downside this week for 100% projection of 1.3433 to 1.2842 to 1.3047 at 1.2456. Decisive Read more…