The Euro started to gain traction in early US trading on Thursday, following a limited dip from new two-month high on Wednesday. Overall picture remains bullish as the single currency benefited from weaker dollar, after downbeat US data pointed to cooling labor market and growing fears of recession risk, with immediate bullish bias to remain […]
The post EUR/USD: Euro Remains Constructive Ahead of US Labor Data appeared first on Action Forex.
Daily Pivots: (S1) 192.37; (P) 192.70; (R1) 193.11; More… GBP/JPY’s break of 193.01 resistance argues that fall from 198.94 might have completed, ahead of 188.07 support. Corrective pattern from 180.00 is probably extending with another Read more…
Daily Pivots: (S1) 162.13; (P) 162.63; (R1) 163.06; More… Intraday bias in EUR/JPY remains on the upside for 164.89 resistance. Firm break there will resume the rise from 156.16, as another leg of the corrective Read more…
Daily Pivots: (S1) 0.8422; (P) 0.8441; (R1) 0.8452; More… Intraday bias in EUR/GBP remains neutral for the moment, and more consolidations could be seen below 0.8472. Outlook will stay bullish as long as 0.8403 support Read more…