Dollar is extending its near term recovery in the early US session. The latest jobless claims data came in better than expected, offering some support to the greenback. However, this was somewhat offset by weaker-than-anticipated durable goods orders. Overall, the current upswing in may not be entirely rooted in these economic releases. The recovery appears […]
The post Dollar Extending Recovery as Consolidation Starts, Risks Still Tilted to the Downside appeared first on Action Forex.
EUR/USD stayed in range below 1.1848 last week and outlook is unchanged. Initial bias remains neutral, and further rise is expected with 1.1642 support intact. On the upside, firm break of 1.1848 will target 1.2081 Read more…
USD/JPY dipped to 155.01 last week but recovered since then. Initial bias stays neutral this week first. On the downside, break of 155.01 will resume the fall from 160.71 to 152.25 support next. On the Read more…
GBP/USD stayed in range trading below 1.3657 last week and outlook is unchanged. Initial bias remains neutral for consolidations, and further rise is expected with 1.3453 support intact. On the upside, break of 1.3657 will Read more…