The Euro collapsed through key support zone on Tuesday and hit the lowest in almost two decades, in the biggest daily fall since Jun 16, 2021. Fresh weakness was sparked by renewed risk aversion on rising gas prices that fueled fears of recession, with data released today, showed that Eurozone business growth slowed significantly in […]
The post EUR/USD: Euro Slumps to 20-Year Low on Growing Recession Fears appeared first on Action Forex.
Daily Pivots: (S1) 1.0363; (P) 1.0415; (R1) 1.0445; More… No change in EUR/USD’s outlook and intraday bias stays neutral at this point. On the downside, break of 1.0371 support will indicate rejection by 38.2% retracement Read more…
Daily Pivots: (S1) 1.2391; (P) 1.2434; (R1) 1.2459; More… Intraday bias in GBP/USD remains neutral for the moment. Rebound from 1.2099 is seen as a corrective move. While another rise cannot be ruled out, strong Read more…
Daily Pivots: (S1) 153.59; (P) 154.48; (R1) 155.16; More… USD/JPY is staying in range above 153.70 and intraday bias remains neutral. On the downside, firm break of 153.70 will resume the fall from 158.86 to Read more…