Key Highlights EUR/USD started a downside correction from the 1.0740 resistance zone. The key support is seen near the 1.0500 zone on the 4-hours chart. GBP/USD dipped sharply after tagging the 1.2450 resistance zone. The German IFO Business Climate Index could increase from 86.3 to 87.2 in Dec 2022. EUR/USD Technical Analysis The Euro gained […]
The post EUR/USD Corrects Lower, Here Are Important Levels To Watch appeared first on Action Forex.
Key Highlights GBP/USD started a fresh increase from the 1.3450 support zone. A rising channel is forming with resistance at 1.3660 on the 4-hour chart. EUR/USD could regain traction if it clears the 1.1750 resistance. Read more…
New Zealand’s labor market showed tentative signs of stabilization in the first quarter, with the unemployment rate unexpectedly falling from 5.4% to 5.3%, below expectations for no change. Employment rose 0.2% qoq, slightly under the Read more…
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