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Key Highlights EUR/USD started a fresh increase above the 1.0750 resistance zone. A short-term rising channel with support at 1.0800 on the 4-hour chart. GBP/USD surged above the 1.2850 and 1.2880 resistance levels. Crude oil prices dived below the $68.00 support zone. EUR/USD Technical Analysis The Euro started a decent increase above the 1.0750 resistance […]

The post Euro Strengthens—EUR/USD Begins Smooth Uptrend appeared first on Action Forex.

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02/05/2024

Currency Markets an Ocean of Calm

Markets US Treasury yields ease a few more bps in the wake of yesterday’s FOMC policy meeting. Markets were bracing for a hawkish surprise from chair Powell following a string of higher-than-expected inflation readings and ongoing economic resilience. Its absence pushed rates up to 7 bps lower at the front with additional losses of some […]
15/03/2024

US100: Consolidated and Preparing Correction Below 18100. Key Levels on H4

Bearish Scenario: Shorts below 18100 with TP1: 17900, TP2: 17814, and 17630 with S.L. above 18130 or at least 1% of account capital*. Anticipated Bullish Scenario: Intraday longs above 18130 with TP: 18219, TP2: 18270, and TP3: 18428, with S.L. below 18050 or at least 1% of account capital*. Apply trailing stop. Bullish Scenario after […]
25/11/2024

Weak Euro Area PMIs Raise Concerns Over Growth Outlook

In focus today Today, in Germany we receive the Ifo growth indicator for November. After the decline in German PMIs on Friday, the stage is set for a decrease in Ifo as well. Consensus suggests a decrease to 86 in November compared to 86.5 in October, still suggesting a German economy in weak condition. ECB’s […]