Key Highlights EUR/USD rallied after it broke the 1.1400 resistance zone. A major bullish trend line is forming with support near 1.1340 on the 4-hours chart. GBP/USD rallied above 1.3700 before it faced sellers. USD/JPY found support near 113.60 and corrected higher. EUR/USD Technical Analysis This past week, the Euro started a major increase after […]
The post EUR/USD Corrects Gains, Resistance Turned Support appeared first on Action Forex.
Daily Pivots: (S1) 141.93; (P) 142.24; (R1) 142.47; More… USD/JPY’s decline continues today and intraday bias stays on the downside. Break of near term falling channel suggest downside acceleration. Current fall from 158.86 should extend Read more…
Daily Pivots: (S1) 0.8144; (P) 0.8176; (R1) 0.8195; More… Intraday bias in USD/CHF is back on the downside with break of 0.8098. Current down trend should target 200% projection of 0.9196 to 0.8757 from 0.8854 Read more…
Daily Pivots: (S1) 1.3260; (P) 1.3280; (R1) 1.3316; More… GBP/USD’s really resumed by breaking through 1.3291 and intraday bias is back on the upside. Firm break of 1.3433 will confirm larger up trend resumption and Read more…