Daily Pivots: (S1) 1.0142; (P) 1.0205; (R1) 1.0291; More… With 1.0118 minor support intact, intraday bias in EUR/USD stays mildly on the upside for 1.0348 support turned resistance. Break there will target channel resistance at 1.0514. On the downside, below 1.0118 minor support will bring retest of 0.9951 low instead. In the bigger picture, down […]
The post EUR/USD Mid-Day Outlook appeared first on Action Forex.
Key Highlights EUR/USD extended losses and traded below 1.1480. A key bearish trend line is forming with resistance at 1.1550 on the 4-hour chart. GBP/USD also declined further and traded below 1.3320. Crude oil prices Read more…
China’s economic activity showed a stronger-than-expected start to 2026, with key indicators rebounding in the January–February period. Industrial production rose 6.3% yoy, well above market expectations of 5.1%. Retail sales increased 2.8% yoy, also beating Read more…
Gold slipped back below 5,000 psychological level in Asian trading today, and the decline reveals an unusual dynamic dominating markets in 2026: escalating war is failing to lift Gold. Despite intensifying conflict involving the U.S., Read more…