The long-awaited event — the Fed’s first rate cut of 2025 — has taken place. What is particularly important to note is the price action on the US Dollar Index (DXY) chart. The value of the USD against a basket of other currencies made a two-step move, forming a pin-bar candle with a long lower […]
The post What Was Important for US Dollar Index (DXY) This Week appeared first on Action Forex.
Daily Pivots: (S1) 0.8627; (P) 0.8640; (R1) 0.8652; More… EUR/GBP is still bounded in sideway trading and intraday bias stays neutral. Further decline is expected as long as 55 D EMA (now at 0.8686) holds. Read more…
Daily Pivots: (S1) 1.6230; (P) 1.6275; (R1) 1.6351; More… EUR/AUD is still bounded in established range above 1.6125 and intraday bias stays neutral. Further decline is expected with 1.6594 resistance intact. Firm break of 1.6125 Read more…
Daily Pivots: (S1) 0.9055; (P) 0.9080; (R1) 0.9108; More…. EUR/CHF breached 0.9092 support turned resistance but failed to sustain above it. Intraday bias stays neutral first and further decline is still mildly in favor. On Read more…