Key Highlights EUR/USD started a downside correction from the 1.1275 zone. It broke a key bullish trend line with support near 1.1160 on the 4-hour chart. GBP/USD is also correcting lower below the 1.3000 support. Crude oil prices climbed higher above the $75.50 resistance level. EUR/USD Technical Analysis The Euro attempted a clear move above […]
The post EUR/USD Corrects Lower, 100 SMA Holds The Key appeared first on Action Forex.
Markets The PMI’s on Friday again highlighted the divergence in growth and confidence between the US and EMU. The glimmers of hope some optimists saw in the October EMU PMI reading where brutally rejected by Read more…
Daily Pivots: (S1) 192.90; (P) 193.85; (R1) 194.86; More… Intraday bias in GBP/JPY remains on the downside for the moment. Current development suggests that corrective rise from 180.00 has completed with three waves up to Read more…
Daily Pivots: (S1) 159.94; (P) 161.21; (R1) 162.53; More…. Intraday bias in EUR/JPY remains on the downside for the moment. Current development suggests that corrective rebound from 154.40 has completed with three waves up to Read more…