EURJPY has the potential to repeat last week’s exciting bull run, executing another acceleration to a new 7½-year high of 142.00 early on Tuesday. Having already charted eight consecutive green days and three months of gains, some depreciation would be normal in the coming sessions, especially as the RSI and the fast-Stochastics smoothly sail in the overbought territory. With the […]
The post EURJPY’s Non-Stop Rally Hits 7½-Year High; Bullish But Overbought appeared first on Action Forex.
Just as markets were finding their footing following a series of positive trade developments, Moody’s delivered a late-week shock by downgrading the US sovereign credit rating from Aaa to Aa1. The move overshadowed the optimism Read more…
These days, it can be pretty hard to tell what’s true and what’s something out of a dystopian, futuristic thriller. Burgers made from plants are virtually impossible to distinguish from traditional ground beef. Related: Popular Read more…
EUR/USD dived further to 1.1064 last week but recovered ahead of 38.2% retracement of 1.0176 to 1.1572 at 1.1039. Initial bias remains neutral this week first. Strong support is still expected from 1.1039 to complete Read more…