Key Highlights EUR/USD attempted another increase from the 1.1000 support. A major bearish trend line is forming with resistance at 1.1110 on the 4-hour chart. Gold rallied to a new all-time high above $2,580. USD/JPY extended losses below the 141.20 support. EUR/USD Technical Analysis The Euro found support near the 1.1000 zone against the US […]
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Fed Chair Jerome Powell conveyed in a speech overnight that the central bank sees no immediate need to reduce interest rates quickly. He added that with an “appropriate recalibration” of monetary policy, Fed believes it Read more…
USD/CHF is facing resistance at the 0.8900 handle after breaking above the 200-day MA. The US Dollar Index (DXY) is also at multi-month resistance, raising questions about a potential pullback. The Swiss Franc’s recent weakness Read more…
GBPUSD reversed from strong support level 1.2665 Likely to rise to resistance level 1.2840 GBPUSD currency pair recently reversed up from the strong support level 1.2665 (former monthly low from August), standing close to the Read more…