Logo-color Logo-white

EURGBP reversed from support zone Likely to rise to resistance level 0.8325 EURGBP currency pair today reversed up from the support zone located between the strong support level 0.8265 (which has been revering the pair from the start of November) and the lower daily Bollinger Band. The upward reversal from this support zone stopped the […]

The post EURGBP Wave Analysis appeared first on Action Forex.

previous

WTI Oil – Look for Direction Signal on Breach of $68.00 or $70 Triggers

next

Elliott Wave View S&P 500 (SPX) Wave 5 in Progress

Read More

21/12/2023

Canadian Dollar Edges Higher Ahead of Retail Sales

Canada to release retail sales today, GDP on Friday US GDP expected to confirm estimate 5.2% gain The Canadian dollar is slightly higher on Thursday. In the European session, USD/CAD is trading at 1.3324, down 0.19%. Canadian retail sales, GDP expected to improve It’s a busy end of the week for Canadian releases, with retail […]
12/09/2024

EUR/USD Outlook: EUR/USD Awaits ECB’s Verdict

EURUSD stays in a quiet mode early Thursday as traders reduced speed ahead of key event of the day – ECB policy decision. The central bank is widely expected to cut rates by 25 basis points to 3.5%, after June’s 0.25% rate cut. With today’s cut being almost certain, markets turn focus towards ECB’s next […]
25/03/2024

USDJPY- Bulls Hold Grip for Further Gains after Consolidation

Bulls are taking a breather and consolidating just under key barriers at 150.90/94 (2023/22 tops) after strong rally in past two weeks. USDJPY was inflated by a wide gap between US and Japan’s interest rates, with no positive impact from BoJ’s rate hike last week, as investors do not expect the central bank to be […]