EURUSD had been in a steady uptrend after finding its feet at the March low of 1.0515. Even though the pair posted a fresh 13-month peak of 1.1094 in late April, it has been rangebound since then, appearing unable to generate a fresh higher high and resume its uptrend. The short-term oscillators are endorsing a cautiously […]
The post EURUSD Extends Sideways Move, Failing to Post Higher High appeared first on Action Forex.
Dollar Index started the new year with a pronounced surge. Sterling, Euro, and Swiss Franc bore the brunt of this strength, reflecting the sluggish economic outlook in Europe and ongoing concerns about the impact of Read more…
EUR/USD’s decline from 1.1213 resumed by breaking through 1.0330 support last week. A temporary low might be formed at 1.0223 and initial bias is turned neutral this week first. But further decline is expected as Read more…
USD/JPY stayed in sideway consolidations last week. Initial bias remains neutral this week first. Break of 158.06 will resume the rally from 139.57 to 61.8% projection of 139.57 to 156.74 from 148.64 at 159.25. Firm Read more…