Market sentiment remains dominated by escalating geopolitical tensions in Europe, which are dampening the euro’s outlook and fuelling demand for traditional safe-haven assets, notably the US dollar. The dollar’s strength is further underpinned by the persistently hawkish rhetoric from the Federal Reserve. Officials continue to signal that interest rates will need to remain at their […]
The post EUR/USD Consolidates Ahead of Potential Further Losses appeared first on Action Forex.
Strong US employment figures were not enough to prevent the dollar from falling. Geopolitics and risk appetite remain the key drivers. The US dollar came under pressure from sellers on Friday, and a strong labour Read more…
Daily Pivots: (S1) 0.7746; (P) 0.7777; (R1) 0.7793; More…. Intraday bias in USD/CHF remains neutral for consolidations above 0.7760. On the downside, decisive break of 61.8% projection of 0.8041 to 0.7774 from 0.7923 at 0.7758 Read more…
Daily Pivots: (S1) 156.41; (P) 156.69; (R1) 156.97; More… Intraday bias in USD/JPY stays neutral and outlook is unchanged. On the downside, break of 155.01 will resume the fall from 160.71 to 152.25 support next. Read more…