On the H4, XAUUSD reached a downtrend line after a short-term rise. The price is approaching the critical resistance area and MA200, which also acts as resistance. In this case, two scenarios are possible. If Gold breaks the resistance of 2350, the trend line and MA200, a bullish trend will start up to 2385; Otherwise, […]
The Euro holds in extended consolidation under new 5-month high, following strong rally in past two weeks. Technical picture remains bullish on daily chart, though overbought RSI and fading bullish momentum, keep in play risk of deeper pullback. Near-term action should remain biased higher while the price stays above broken pivotal barriers, now acting as […]
The post EUR/USD: Bullish Bias Above 1.0800, All Eyes on German Debt Vote on Tuesday appeared first on Action Forex.
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