The recent 4-week rally of EUR/CHF from 19 June has started to show signs of exhaustion. The ongoing weakness of the France CAC 40 has triggered a negative feedback loop towards EUR/CHF. Watch the 0.9780 key short-term resistance on the EUR/CHF. The EUR/CHF cross pair has managed to recover its initial losses inflicted from 10 […]
EURUSD fell to one week low on Friday and extended strong fall of Thursday, after the pair came under fresh pressure from downbeat PMI data. The reports released on Friday showed that activity in services industry in the Eurozone and bloc’s two largest economies – Germany and France slowed in Jume, while downturn in manufacturing […]
The post EUR/USD: Falls Further on Downbeat PMI Data appeared first on Action Forex.
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