Key Highlights EUR/USD corrected some gains from the 1.1500 resistance zone. A connecting bullish trend line is forming with support at 1.1330 on the 4-hour chart. GBP/USD tested the 1.3600 resistance and corrected some gains. USD/JPY recovered losses and climbed above the 144.20 resistance. EUR/USD Technical Analysis The Euro remained well-bid above 1.1350 against the […]
The post EUR/USD Eyes Support, Can Bulls Restart Increase? appeared first on Action Forex.
China’s trade surplus widened to USD 103.2B in May, exceeding expectations of USD 101.3, even as headline export and import figures undershot forecasts. Exports rose 4.8% yoy, just shy of the 5.0% yoy consensus. Imports Read more…
There are several economic reports worth looking at this week, but pay closer attention to two economic events. One will come from London. The other comes Friday from Michigan. 🔥Get $100 off TheStreet Pro — our Read more…
China’s headline CPI stayed in negative territory for the fourth consecutive month in May, coming in at -0.1% yoy, slightly better than the expected -0.2% yoy. The persistent softness in overall inflation was largely driven Read more…