EUR/CHF’s recovery was limited below 0.9371 support turned resistance last week, and stayed in sideway trading. Initial bias remains neutral this week and further decline is mildly in favor. On the downside, break of 0.9258 will resume the fall from 0.9485. Sustained trading below 38.2% retracement of 0.8979 to 0.9485 at 0.9292 will raise the […]
The post EUR/CHF Weekly Outlook appeared first on ActionForex.
EUR/GBP fell to as low as 0.8446 last week but recovered since then. Initial bias remains neutral this week for consolidations. Further fall is expected as long as 0.8492 resistance holds. Firm break of 61.8% Read more…
EUR/AUD’s break of 1.6072 support last week indicates resumption of whole down trend from 1.8554. Initial bias stays on the downside this week for 61.8% projection of 1.6617 to 1.6072 from 1.6334 at 1.597. Firm Read more…
US dollar remains strong despite weakening consumer sentiment: The University of Michigan Consumer Sentiment Index fell to 46.3 in October, signaling growing financial pressure on American households and concerns about future consumer spending. Rising inflation Read more…