Logo-color Logo-white

EURUSD regained traction and rose above 1.08 handle in early US trading on Friday, as hotter than expected US inflation and higher consumer spending failed to impress traders, concerned about slower economic growth. Fresh strength broke above the top of two-day congestion and generating initial basing and reversal signal after recent pullback from 1.0954 (Mar […]

The post EUR/USD: Reversal Signal Developing on Daily Chart appeared first on Action Forex.

previous

Week Ahead – US NFP and Eurozone CPI Awaited as Tariff War Heats Up, RBA Meets

next

Weekly Economic & Financial Commentary: Tariff Policy Remains Top of Mind

Read More

What Next: Australia Rate, EU CPI, US NFP

Europe is switching to daylight saving time in the new week – don’t miss the changes in the trading schedule. Among the key events on the 1st of April, we highlight the Reserve Bank of Australia’s decision. The rate is expected to remain at 4.1% after a cut in February. Inflation only ticked down last […]
09/01/2024

US Crude Oil – Price Action Technical Analysis

Talking Points US Crude Oil falls after Saudi Arabia cuts prices Technical Analysis Weekly Chart Technical Analysis 8-Hour Chart Crude Oil prices ended 2023 with 3 months of consecutive declines, prices fell from a peak of $95 in September 2023 down to $70.75 today, a drop of almost 25% in price, shrugging off all the extra […]
18/04/2025

CADJPY Wave Analysis

CADJPY: ⬆️ Buy CADJPY reversed from key support level 102.00 Likely to rise to the resistance level 104.00 CADJPY currency pair recently reversed up from the key support level 102.00 (which has been reversing the price since August of 2024) standing close to the lower daily Bollinger Band. The upward reversal from this support level […]