DXY: The DXY chart currently exhibits a bearish overall momentum, indicating a weakened US Dollar. In this scenario, there’s potential for a bearish continuation towards the 1st support level. The 1st support at 101.77 is significant for several reasons. It is categorized as an overlap support and coincides with the 50% Fibonacci Retracement level, making […]
Jul 22, 2024
EUR/USD Remains Supported For More Upsides Above 1.0880
Key Highlights EUR/USD started a steady increase and surpassed the 1.0910 resistance. A key bullish trend line is forming with support at 1.0870 on the 4-hour chart. GBP/USD is correcting gains from the 1.3050 resistance zone. Oil prices extended losses and declined below the $80.50 level. EUR/USD Technical Analysis The Euro remained in a positive […]
The post EUR/USD Remains Supported For More Upsides Above 1.0880 appeared first on Action Forex.
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