The Euro rose to the upper side of near-term congestion on Friday, after hitting new marginally lower low of larger downtrend from 1.1139 (Dec 28 peak). Today’s bounce points to still strong bids, although without sufficient bullish momentum to sustain gains and rise above near-term range top, which would generate initial reversal signal and shift […]
The dollar index edged higher in Friday morning but is still holding within a choppy range that extends into sixth straight day. Long tails of daily candle of past two days and repeated closes above north turning 10DMA, add to existing bullish near-term bias. Fresh strength is probing again through 200DMA (104.13), which capped the […]
The post Dollar Index Remains Within Near-Term Range Ahead of Key US Inflation Data appeared first on Action Forex.
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