The Euro remains firmly in red and extends the bear leg from 1.1184 (Mar 31 high), hitting one-month low at 1.0864 in European trading on Thursday. Wednesday’s close below pivotal Fibo support at 1.0895 (Fibo 76.4% 1.0806/1.1184) added to bearish signals, with repeated close below here to confirm signal and further weaken the structure and […]
The post EUR/USD Outlook: Bears May Pause Before Final Push Towards 1.0806 and Remain in Play Below 1.10 appeared first on Action Forex.
Gold stages a rebound in short-term timeframe Upturn is not convincing; bulls need to overcome $2,650 Gold has been showing some signs of life over the past couple of hours but don’t get too excited Read more…
The USD/JPY pair has dropped to 151.56, marking a five-week high for the yen. Market speculations fuel the currency’s strength that the Bank of Japan (BoJ) might consider an interest rate hike as soon as Read more…
The Japanese yen is lower on Thursday, after climbing 2.4% over the past two trading sessions. In the European session, USD/JPY is trading at 151.83, up 0.57% on the day. On the data calendar, Japan Read more…