EURUSD rebounds from a five-month bottom But oscillators suggest that the bears retain control EURUSD came under severe selling pressure in the aftermath of a hotter-than-expected inflation report on April 10, posting a fresh 2024 low of 1.0600. Although the pair has been regaining ground since then, the momentum indicators are still tilted to the downside. Should […]
The post EURUSD Attempts Recovery from 5-month Low appeared first on Action Forex.
USDJPY bulls face limitations ahead of the US CPI inflation figures Short-term risk tilted to the upside, but confirmation required above 156.60 USDJPY recouped more than half of its sharp losses that occurred at the Read more…
EUR/USD is slowly gaining traction above the 1.0800 level. USD/JPY trimmed almost all losses and showing positive signs above 156.20. Important Takeaways for EUR/USD and USD/JPY Analysis Today The Euro started a decent increase above Read more…
Daily Pivots: (S1) 196.12; (P) 196.59; (R1) 197.45; More… Intraday bias in GBP/JPY stays on the upside at this point. Rebound from 191.34 is seen as the second leg of the corrective pattern from 200.53. Read more…