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On the daily chart, USD/CHF is in a recovery phase, currently sandwiched between the 50-day MA (0.7845) and 100-day MA (0.7865). The H4 chart shows a more defined bullish structure, featuring a “Golden Cross” (100-period Read more…
Germany’s business sentiment deteriorated sharply in April, with the Ifo Business Climate Index dropping from 86.3 to 84.4, the lowest level since May 2020. The decline reflects broad-based weakness, with both the Current Situation Index Read more…
Key takeaways Pullback driven by geopolitical risk and USD strength: EUR/USD declined ~1.5% from its recent high as stalled US–Iran talks and rising oil prices boosted safe-haven demand for the US dollar. Macro backdrop turning Read more…