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Since our last publication, the EUR/USD has indeed shaped the expected minor bullish breakout above the highlighted 1.1520 short-term pivotal support and hit the 1.1680/1.1705 short-term resistance. It rallied by 1.6% to print an intraday high of 1.1730 on 13 August 2025. Let’s now examine its latest technical elements to determine its next potential trajectory […]

The post EUR/USD Technical: Euro on the Brink of a Medium-Term Bullish Breakout appeared first on Action Forex.

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13/05/2025

US Dollar Roars Back in a Blaze of Glory as Market Shrugs Off Recession Fears

EUR/USD dropped to 1.1110 on Tuesday, with the US dollar surging by over 1% in the previous trading session. The rally was driven by market reactions to news of a provisional agreement between China and the US to reduce tariffs, which helped alleviate global recession fears. Key factors driving EUR/USD movement Washington and Beijing have […]
20/12/2023

Nikkei 225 Technical: Potential Major Bullish Breakout After Pull-Back

Yesterday’s swift rally has led to an overstretched upside momentum condition. At the risk of a minor corrective pull-back within its short-term uptrend phase. Watch the 33,150 key short-term support. The price actions of the Japan 225 Index (proxy of the Nikkei 225 futures) have managed to hold above the 32,090 key medium-term support as […]
28/08/2024

Australian CPI Falls But Markets Not Impressed

The Australian dollar continues to have a quiet week. AUD/USD is trading at 0.6796 in the European session, up 0.06% on the day at the time of writing. Australian CPI dips to 3.5% Australia’s inflation rate continued to decelerate in July, although the markets were hoping for more. CPI rose 3.5%, down from 3.8% in […]