The Euro fell further on Monday, extending weakness below the temporary base that was formed at 1.0757 during past two weeks. Fresh weakness emerged after last week’s limited recovery was strongly rejected and daily candle with long upper shadow, left on Thursday, weighs on near-term action. Larger downtrend looks for a final push towards key […]
The post EUR/USD Outlook: Bears Remain Firmly in Play Despite Upbeat German Data appeared first on Action Forex.
Daily Pivots: (S1) 140.18; (P) 141.16; (R1) 141.85; More… Intraday bias in USD/JPY remains on the downside for the moment. Current fall from 158.86 is in progress for 139.57 support. Strong support could seen from Read more…
The broad selloff in US assets resumed overnight as market confidence took another blow from escalating political pressure on Fed. Major US stock indexes ended the session deep in the red, while 10-year Treasury yields Read more…
Dollar Index broke through an important support overnight as recent decline accelerated, and hit the lowest level in three years. The selloff reflects a deepening flight out of US assets, as confidence continues to erode. Read more…