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Key Highlights EUR/USD started a fresh increase above the 1.1720 resistance. A short-term contracting triangle is forming with resistance at 1.1795 on the 4-hour chart. GBP/USD started a downside correction from the 1.3800 zone. USD/JPY could aim for a fresh increase if it clears the 145.35 resistance. EUR/USD Technical Analysis The Euro started another increase […]

The post EUR/USD Holding Firm — Consolidation May Precede Next Move appeared first on Action Forex.

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13/12/2023

EUR/USD – Fireworks Expected from the Final Fed Meeting of the Year

Fed expected to leave interest rates unchanged Forecasts and dot plot key as markets price in four rate cuts next year EURUSD hovers around 50 Fib The final Fed meeting of the year could also be the most eventful, with the central bank likely to acknowledge it’s done with tightening and even signal rate cuts […]
10/04/2024

EUR/USD Holds Steady Ahead of Key Economic Updates

The EUR/USD pair is maintaining a neutral stance, trading around 1.0851 on Wednesday, as the market anticipates crucial updates, including the US inflation data for March and the outcome of the European Central Bank (ECB) meeting on Thursday. Given the significant events on the horizon, investors are exhibiting caution. The US inflation rate for March […]
26/06/2024

Tech Stocks Rebound

In focus today Overnight China releases industrial profits for May. Profits grew 4% y/y in April, and we expect it to be roughly the same in May. Stronger export growth and higher commodity prices compared to last year should support profits, but tough competition weighs on profit margins. The next big market mover in China […]