The Euro is standing at the front foot in early European trading on Monday, following a large swings on Thu/Fri. The action was repeatedly capped by falling 10DMA which reinforces a Fibo barrier at 0.9772 (38.2% of 0.9999/0.9631 bear-leg), with near-term bias expected to remain in neutral mode, while the latter caps. Mixed daily studies […]
The post EUR/USD: Near-Term Action Looks for Clearer Direction Signals appeared first on Action Forex.
Daily Pivots: (S1) 1.1373; (P) 1.1452; (R1) 1.1494; More…. Intraday bias in EUR/USD stays on the downside as fall from 1.2081 is in progress. Deeper decline should be seen to 38.2% retracement of 1.0176 to Read more…
Daily Pivots: (S1) 159.23; (P) 159.49; (R1) 160.00; More… USD/JPY is losing some momentum but further rise is in favor as long as 158.55 minor support holds. Rally 152.25 would target a retest on 161.94 Read more…
Daily Pivots: (S1) 1.3171; (P) 1.3271; (R1) 1.3323; More… Intraday bias in GBP/USD remains on the downside as fall from 1.3867 is in progress for 1.3008 structural support. Firm break there will carry larger bearish Read more…