Daily Pivots: (S1) 0.9376; (P) 0.9399; (R1) 0.9431; More…. Range trading continues in EUR/CHF and intraday bias remains neutral first. On the downside, break of 0.9305 will resume the fall from 0.9579 to retest 0.9209 low. On the upside, above 0.9506 will resume the rebound from 0.9305 to 0.9579 resistance. In the bigger picture, medium […]
The post EUR/CHF Daily Outlook appeared first on Action Forex.
The EUR/USD pair has descended to 1.1027, marking its lowest point in three weeks. The drop reflects market anticipation that the European Central Bank (ECB) will continue to ease monetary policy aggressively, spurred by sluggish Read more…
In a speech today, Bank of England Chief Economist Huw Pill urged “caution in” reducing monetary policy restrictions, emphasizing the need for a “gradual” approach to rate cuts. Pill highlighted that his “modal outlook” aligns Read more…
AUDUSD may find support at 0.6800 Stochastic and RSI suggest more declines AUDUSD has found strong resistance at the 20-month high of 0.6940 and is retreating towards the immediate 20-day simple moving average at 0.6800. Read more…