EURGBP looks for resistance at 50-day SMA RSI confirms sideways move EURGBP has been consolidating beneath the 50-day simple moving average (SMA), which overlaps with the 0.8578 resistance level and the six-month low of 0.8500 since January 18. According to technical oscillators, the RSI is confirming the sideways movement as it is holding near the […]
The euro has extended its gains on Friday. EUR/USD is trading at 1.1091 in the European session at the time of writing, up 0.13% today. The euro has climbed 0.7% since the ECB’s rate cut on Thursday. ECB lowers rates to 3.5% The European Central Bank delivered as expected on Thursday, trimming the key interest […]
The post Euro Rises After ECB Cuts Interest Rates appeared first on Action Forex.
Share
