The EUR/USD pair is hovering around 1.0503, extending its rally since midweek. The major currency pair has climbed to a two-month high, with market sentiment favouring further gains. Key drivers behind EUR/USD’s rise A decline in US Treasury bond yields has weighed on the US dollar, following a series of weaker-than-expected US economic reports and […]
EURGBP tests uptrend line as it resumes slide Risks are tilted to the downside But pennant pattern suggests more consolidation EURGBP has been drifting lower after its latest attempt to break above the medium-term descending trendline failed, peaking at 0.8585. The price briefly touched the short-term uptrend line just below 0.8520 earlier today before bouncing […]
The post EURGBP Maintains Bearish Bias Amid Pennant Formation appeared first on Action Forex.
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