Key Highlights EUR/USD started a recovery wave above the 1.0710 resistance. It cleared a major bearish trend line with resistance at 1.0725 on the 4-hour chart. GBP/USD is facing resistance near the 1.2680 zone. The US ISM Manufacturing Index could remain below 50.0 at 49.0 in June 2024. EUR/USD Technical Analysis The Euro started a […]
The post EUR/USD Recovery Runs Into Resistance, Can It Continue Higher? appeared first on Action Forex.
Daily Pivots: (S1) 1.6190; (P) 1.6214; (R1) 1.6230; More… EUR/AUD’s fall from 1.6598 resumed by breaking through 1.6161, and intraday bias is back on the downside. Deeper decline should be seen to 1.5996/6002 key support Read more…
Daily Pivots: (S1) 1.0497; (P) 1.0554; (R1) 1.0600; More… EUR/USD is still extending consolidation above 1.0495 temporary low, and intraday bias stays neutral. Outlook remains bearish with 1.0760 support turned resistance intact. On the downside, Read more…
Daily Pivots: (S1) 1.2618; (P) 1.2666; (R1) 1.2702; More… Intraday bias in GBP/USD remains neutral for the moment, as consolidation continues above 1.2596 temporary low. Outlook stays bearish with 1.2842 support turned resistance intact. On Read more…