The Euro started a fresh decline from the 1.0800 zone against the US Dollar. The EUR/USD pair traded below the 1.0765 level to move into a bearish zone. The pair even traded below the 1.0750 level and the 50 hourly simple moving average. The bears pushed the pair below a key bullish trend line with […]
The post EUR/USD Pair Moved into a Bearish Zone Below 1.0765 appeared first on Action Forex.
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…
Aussie’s broad-based strength continues today as markets further strengthened expectations that the RBA will deliver two consecutive rate hikes in the coming months. Investors are increasingly convinced that the RBA will raise the cash rate Read more…
While the often-repeated statistic that only one percent of New York City restaurants survive a year after opening is a long-running urban legend (the actual number is closer to 20%), the market in the city Read more…