The record high of about USD 2,130 an ounce was set just after the weekend in low-liquid Asian markets. By the nature of the movement, it looked more like a cascading triggering of sellers’ stop losses, rather than finding a stable balance between supply and demand, since after the candle with a long upper tail, […]
The Euro keeps firm tone on Monday after surging over 4% last week and consolidating near new four-month high. The single currency continues to ride on a fresh wave of dollar’s weakness, with last week’s gains being the biggest since the third week of March 2009, adding to significance of the latest rally. Overall picture […]
The post EUR/USD: Bulls Likely to Take a Breather After Last Week’s Strong Gains appeared first on Action Forex.
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