EURUSD holds beneath downtrend line in short-term 20- and 200-day SMAs post death cross Long-term view is still bullish EURUSD is struggling to continue the rebound that started from the 1.0725 support level and the medium-term ascending trend line. Currently, the market is losing momentum indicating a potential downside movement again. The 20-day and 200-day […]
The post EURUSD Loses Steam After Bounce Off 1.0725 appeared first on Action Forex.
Daily Pivots: (S1) 0.7867; (P) 0.7903; (R1) 0.7967; More…. USD/CHF’s rise from 0.7603 resumed by breaking through 0.7921 temporary top. Intraday bias is back on the upside. The current rally is seen as correcting whole Read more…
Risk aversion deepened across global markets as the combination of escalating energy conflict and a more inflation-focused Federal Reserve weighed on sentiment. While the initial selloff in US equities overnight was triggered by a sharp Read more…
Three major central bank decisions are due, with Swiss National Bank, Bank of England, and European Central Bank all widely expected to leave policy unchanged. Markets are therefore less focused on the decisions themselves and Read more…