Key Highlights EUR/USD started a fresh increase above the 1.0800 resistance. It traded below a short-term bullish trend line with support at 1.0880 on the 4-hour chart. GBP/USD is consolidating gains above the 1.2800 resistance zone. Gold surged to a record high and tested the $3,000 zone. EUR/USD Technical Analysis The Euro remained strong above […]
The post EUR/USD Consolidates Gains—Is More Upside In Sight? appeared first on Action Forex.
Daily Pivots: (S1) 1.0836; (P) 1.0874; (R1) 1.0918; More… Intraday bias in EUR/USD remains neutral as consolidations continues below 1.0946. In case of another fall, downside should be contained by 38.2% retracement of 1.0358 to Read more…
Daily Pivots: (S1) 147.89; (P) 148.45; (R1) 149.20; More… Intraday bias in USD/JPY remains neutral as consolidations continue above 146.52. Upside of recovery should be limited by 150.92 support turned resistance. On the downside, sustained Read more…
Daily Pivots: (S1) 1.2910; (P) 1.2934; (R1) 1.2958; More… Further rally remains in favor in GBP/USD with 1.2860 support intact. On the upside, sustained trading above 61.8% retracement of 1.3433 to 1.2099 at 1.2923 will Read more…