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The EUR/USD pair is in strong demand, surging to a three-year peak near 1.1330. Key factors driving EUR/USD Movements The market remains highly sensitive to growing investor concerns over the US economic outlook. Declining confidence in US assets continues to weigh on the USD. Fears persist over the potential fallout from Donald Trump’s tariff policies. Although the imposition of steep […]

The post EUR/USD Hits Three-Year High as the US Dollar Suffers Heavy Losses appeared first on Action Forex.

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02/08/2024

GBP/JPY Outlook: Hits New Multi-Week Low

GBPJPY continues to trend lower and fell to the lowest levels since mi-March during European session on Friday. The cross remains in a steep downtrend from 208.11 (July 11 peak, the highest since Aug 2008), fueled by renewed strength of yen, following interventions by Japan’s authorities, while BoE rate cut added pressure on sterling. Strong […]
11/07/2024

Market Analysis: EUR/USD Jumps, USD/JPY Bulls Seem Unstoppable

EUR/USD is climbing higher above the 1.0800 level. USD/JPY surged above the 160.00 and 161.40 resistance levels. Important Takeaways for EUR/USD and USD/JPY Analysis Today The Euro started a decent increase above the 1.0780 pivot level. There is a key bullish trend line forming with support near 1.0820 on the hourly chart of EUR/USD at […]
06/12/2023

GBPUSD Ends 2023 in Bullish Area

GBPUSD finds strong resistance near 200-week EMA Technical signals are negative Will 2024 be a negative year for the pair? With the year 2023 drawing to a close, GBPUSD could not carry the impressive rally of the last three weeks above the bullish crossover within the 50- and the 100-week simple moving averages (SMAs) and the 23.6% Fibonacci retracement […]