Key Highlights EUR/USD is moving lower below the 1.1000 support. It broke a rising channel with support near 1.0950 on the 4-hour chart. GBP/USD could extend losses toward 1.2550. Gold prices are moving lower below the $1,920 level. EUR/USD Technical Analysis The Euro started a fresh decline from well above 1.1120 against the US Dollar. […]
The post EUR/USD Drops Again and Could Revisit 1.0850 appeared first on Action Forex.
Germany’s GfK Consumer Sentiment Index fell sharply for December, dropping from -18.4 to -23.3, far below expectations of -18.8. This marks the lowest level since May 2024 (-24.0) and reflects a significant deterioration in household Read more…
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GBP/USD is stuck in a tight range, reflecting market indecision. Upcoming US data releases, including GDP and PCE data, could trigger a breakout from the range. The US Dollar Index’s performance will heavily influence GBP/USD’s Read more…