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EUR/USD edges higher within short-term ascending channel. But bulls struggle to build positive momentum. EURUSD has been steadily crawling higher over the past week, holding near the lower bound of the upward trending channel that’s been developing since early October. The 20-day simple moving average (SMA) was capping the price action in the previous three […]

The post EUR/USD Maintains Tight Range in Ascending Channel appeared first on Action Forex.

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28/04/2025

US Indices Turn Green as Markets Await Barrage of Data, Trade Deal Updates

US stock futures dipped on Monday as investors prepared for a busy week of important economic reports and earnings from major Wall Street companies, while keeping an eye on updates about the Trump administration’s trade policies. The US open has led to a bounce for US indices as markets digest comments from Treasury Secretary Scott […]
23/05/2025

GBP/USD: Cracks 1.3500 Barrier and Hits a Multi-Month High on Upbeat UK Economic Data

Cable rose 0.5% on Friday morning and cracked psychological 1.3500, hitting the highest since February 2022. Fresh acceleration higher was sparked by upbeat UK retail sales, which strongly beat forecasts in April and boosted risk sentiment. Bullish continuation pattern is developing on weekly chart as cable broke through key resistances at 1.3434/44 (2024/2025 tops), with […]
12/02/2025

Chinese Tech’s Big Return?

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