Key Highlights EUR/USD is showing positive signs above the 1.0800 support. It is eyeing an upside break above the 1.0880 resistance on the 4-hour chart. Gold price took a hit and declined below $2,350. GBP/USD could gain bullish momentum if it clears the 1.2750 resistance. EUR/USD Technical Analysis The Euro remained well-bid above the 1.0800 […]
The post EUR/USD Targets Further Upside: Bullish Momentum Builds appeared first on Action Forex.
The RBNZ cut the OCR by 50bps to 4.25% at its final policy meeting for this year. The RBNZ’s OCR forecast profile was revised down as expected and now shows the OCR at 3.55% at Read more…
AUD/NZD plunged in the Asian session, driven by contrasting developments in Australia and New Zealand. However, it is too early to declare a bearish trend reversal for the cross, with near-term sideways consolidation likely. In Read more…
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