GBPUSD holds in tight range in near term MACD and RSI tick lower GBPUSD is flirting with the long-term ascending trend line after the downfall of the 1.3045 resistance level. The next crucial point for traders to meet is the 1.2840 support and the 200-day simple moving average (SMA) at 1.2820. According to technical oscillators, […]
German industrial production continues to decline. The rate of contraction in March was slightly better than the average forecasts but maintained the downward trend. The index of industrial production fell by 0.4% in March and by 3.3% y/y, having lost in annual terms for the last ten months. German industrial production peaked at the end […]
The post German Industrial Production Slide Brings Closer ECB’s Rate Cut appeared first on Action Forex.
Share
