Key Highlights EUR/USD extended losses and tested the 1.0500 support. A key bearish trend line is forming with resistance at 1.0585 on the 4-hour chart. GBP/USD also extended losses and traded below the 1.2720 support. Oil is consolidating losing and trading near the $67.25 zone. EUR/USD Technical Analysis The Euro started a fresh decline below […]
The post EUR/USD Eyes Recovery, But Gains May Be Capped appeared first on Action Forex.
GBP/USD started a fresh decline below the 1.2750 zone. USD/CAD is rising and might aim for more gains above the 1.4100 resistance. Important Takeaways for GBP/USD and USD/CAD Analysis Today The British Pound started a Read more…
Markets Volatility remains high in the US Treasury market. We believed that Wednesday’s in-line with consensus CPI inflation report could be the start of a consolidation process on the sell-off which started mid-September. Fed Chair Read more…
Daily Pivots: (S1) 1.0506; (P) 1.0549; (R1) 1.0583; More… Intraday bias in EUR/USD remains neutral and more consolidations could be seen. But outlook will stay bearish as long as 1.0760 support turned resistance holds. On Read more…