EURGBP struggles to surpass 0.8600 and 200-day SMA Short-term bias is positive, but signs of oversold market exist Bank of England announces rate decision today at 11:00 GMT EURGBP started May’s session on the right foot, swiftly reversing up after touching the support trendline taken from the March lows. On Wednesday, the pair reached a […]
The post EURGBP Runs Out of Steam Near 0.8600 appeared first on Action Forex.
Daily Pivots: (S1) 0.9848; (P) 0.9866; (R1) 0.9901; More…. Intraday bias in EUR/CHF remains on the upside for 61.8% projection of 0.9304 to 0.9847 from 0.9563 at 0.9899. Decisive break there could prompt upside acceleration Read more…
ECB Governing Council member Martins Kazaks indicated in a Bloomberg Adria interview that the central bank is nearing its 2% inflation target, paving the way for interest rate cuts. However, he emphasized that any reduction Read more…
EURUSD holds above medium-term downtrend line Oscillators indicate bearish structure EURUSD appears to be maintaining a horizontal trajectory in the very short-term, trapped between the 1.0895 resistance level and the 1.0814 support. A paused state of directional Read more…