EURUSD reversed from long-term resistance level 1.1150 Likely to fall to support level 1.1000 EURUSD currency pair recently reversed down from the major long-term resistance level 1.1150 (which has been reversing the price from the start of 2022). The resistance level 1.1150 was strengthened by the upper weekly Bollinger Band and by the 61.8% Fibonacci […]
The post EURUSD Wave Analysis appeared first on Action Forex.
Daily Pivots: (S1) 1.3918; (P) 1.3943; (R1) 1.3969; More… USD/CAD breached 1.3958 briefly but upside is capped below 1.3976 key resistance. Intraday bias stays neutral first. Further rise is is expected as long as 1.3822 Read more…
The financial markets are intently focused today on US inflation data. Expectations are that both the headline CPI and core CPI remained unchanged in October from the previous month’s readings of 2.4% and 3.3%, respectively. Read more…
Key Highlights Gold started a sharp downside correction below the $2,665 support. A connecting bearish trend line is forming with resistance at $2,670 on the 4-hour chart. Bitcoin traded to a new high at $89,998 Read more…