EURUSD ticked higher on Tuesday after four-day pullback from new multi-month high at 1.0954 (larger rally stalled just under Fibo resistance at 1.0969) found temporary footstep at 1.0771 (Fibo 23.6% of 1.0177/1.0954 rally). Partial profit taking lifts the price, although bounce was not significant so far as the action remains negatively impacted by recent strong […]
The post EUR/USD Outlook: Recovery Attempts Above Fibo Support/20DMA appeared first on Action Forex.
EUR/USD pulls back ahead of April 2 tariffs. Support at 1.0765; mixed technical signals. Bearish confirmation below 1.0565. EURUSD has extended its retreat from the five-month high of 1.0953, trading lower for the second consecutive Read more…
Cable fell to two-week low on Wednesday on softer than expected UK February inflation data that fuel expectations for BoE rate cut in May. Fresh weakness pressure support at 1.2883 (20DMA / last Friday’s low) Read more…
Today, the latest UK Consumer Price Index (CPI) figures were released. According to ForexFactory: The actual annual CPI came in at 2.8%, Analysts had expected it to remain at the previous level of 3.0%. As Read more…