Key Highlights EUR/USD declined heavily below the 0.9900 support zone. It broke a major bullish trend line at 0.9970 on the 4-hours chart. GBP/USD also declined sharply below the 1.1000 support zone. Gold and crude oil price traded to a new monthly low. EUR/USD Technical Analysis The Euro failed to remain stable above the parity […]
The post EUR/USD Nosedives to New 20-Year Low, Dollar Rallies appeared first on Action Forex.
Bitcoin is in a “transition phase,” consolidating below $70,000 after retreating from $71,000, however the recovery lacks the “ingredients of a decisive bullish turn”. Despite accelerating institutional inflows into US Spot Bitcoin ETFs, the average Read more…
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Key Highlights GBP/USD started a recovery wave above 1.3380. A major bearish trend line is forming with resistance at 1.3450 on the 4-hour chart. Crude oil prices saw heavy swing moves above the $80.00 pivot Read more…