The Euro fell to new multi-week low early Tuesday, weighed by firm dollar and recent dovish comments from ECB policymakers, who see four rate cuts in 2024. Monday’s 0.4% drop and close below 1.0762 (Fibo 76.4% of 1.0695/1.0981 upleg), adds to bearish near-term outlook and unmasks key support at 1.0695 (2024 low, posted on Feb […]
WTI oil finds significant support at 200-week SMA Will the price end the bearish move soon? RSI and stochastic suggest upside correction As the year 2023 is coming to an end, WTI crude oil is developing beneath January’s market price. The price is currently testing the 200-week simple moving average (SMA) after seven consecutive red […]
The post WTI Crude Oil Holds Neutral in 2023 appeared first on Action Forex.
Share
