The single currency has fallen under 1.0590, below pandemic lows and at its lowest level since April 2017. The 1.0600 area for EURUSD has repeatedly worked as a turning point since 2015. In 1997 and 1998 the selloffs also stopped at this level. And in late 1999, a move below 1.06 after a prolonged consolidation […]
The post Why Current Level is the Most Important for EURUSD appeared first on Action Forex.
In our previous analysis of Bitcoin’s price (14 April), we: → constructed a long-term ascending channel (marked with blue lines); → highlighted resistance level R, suggesting that the bulls were seizing the initiative in an Read more…
The EUR/USD pair surged to a fresh three-year peak on Monday, holding steady at 1.1518 amid growing unease over US economic policy. Key Drivers Behind the EUR/USD Rally Investors returning from the Easter break were met with Read more…
Daily Pivots: (S1) 188.59; (P) 188.92; (R1) 189.33; More… Range trading continues in GBP/JPY and intraday bias stays neutral. Risk will remain on the downside as long as 190.06 resistance holds. Below 184.35 will target Read more…