Key Highlights EUR/USD started a sharp decline below the 1.1700 zone. It traded below a rising channel with support at 1.1720 on the 4-hour chart. GBP/USD could extend losses if it settles below 1.3300. USD/JPY is moving higher above the 158.50 resistance. EUR/USD Technical Analysis The Euro failed to stay above 1.1720 against the US […]
The post EUR/USD Weakens Sharply After Key Support Finally Gives Way appeared first on ActionForex.
Daily Pivots: (S1) 1.1603; (P) 1.1637; (R1) 1.1658; More…. Intraday bias in EUR/USD remains on the downside as fall from 1.1848 is in progress. As noted before, rebound from 1.1408 could have completed as a Read more…
Markets are beginning the week with a familiar but dangerous message: oil higher, yields higher, Dollar higher. Brent crude blasted above $111 in Asian trading while US 10-year Treasury yields climbed above 4.6%, extending the Read more…
China’s economic data deteriorated sharply in April, with industrial production, retail sales, and fixed asset investment all missing expectations as domestic demand weakened against a backdrop of prolonged Middle East conflict and rising external uncertainty. Read more…