U.S. Highlights U.S. inflation rose more than anticipated to start the year, on a Consumer Price Index basis, largely due to greater price pressures within the services sector. However, retail spending surprised to the downside in January, suggesting that consumer spending may be less vigorous than the stunning pace of last year. A slowdown in […]
EUR/USD remains in a narrow-range sideways mode in early Tuesday’s trading, in extension of Monday’s action, shaped in Doji candle and signaling indecision Initial positive signal is developing on daily chart following last Friday’s strong downside rejection which left a bear trap under 1.0405 Fibo support (50% retracement of 0.9535/1.1275 rally (Sep 2022/July 2023). Also, […]
The post EUR/USD Outlook: Bullish Signal Developing on Daily Chart But Needs More Evidence for Confirmation appeared first on Action Forex.
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