EURJPY violently cracked the 136.50 – 137.00 boundary after more than two weeks of consolidation to advance to a new seven-year high of 138.14 on Tuesday. The door has now opened for the 138.90 resistance from August 2015, with the momentum indicators favoring additional bullish actions, though with some conservatism. Specifically, the MACD is trying […]
The post EURJPY Bulls Get Back on Track; Next Goal 138.90 appeared first on Action Forex.
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Eurozone inflation edged higher in February, with headline CPI finalized at 1.9% yoy, up from January’s 1.7% yoy. Core inflation, which strips out energy, food, alcohol and tobacco, also firmed to 2.4% yoy from 2.2% Read more…
EUR/USD is consolidating near 1.1532 on Wednesday, with markets adopting a wait-and-see stance ahead of the Federal Reserve’s decision. The Fed is widely expected to keep rates unchanged. Investor attention will focus on Jerome Powell’s Read more…