Recent lacklustre key US economic growth-related data; ISM Manufacturing PMI & ADP Employment Change reinforced the recent bout of JPY strength. Bearish elements in the JPY crosses Index suggest further potential JPY strength in the medium-term horizon. Watch the 140.25 support on the USD/JPY. A déjà vu experience is now ripping across the foreign exchange […]
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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