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The Euro remains in red on Monday, although with limited downside so far, after Friday’s strong upside rejection left bearish daily candle with long upper shadow and formed a bull-trap at daily cloud top, generating initial negative signal. Technical picture on daily chart shows MA’s in mixed setup, negative momentum and the price moving within […]

The post EURUSD – Mixed Signals While Price Holds Within Daily Cloud appeared first on Action Forex.

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04/07/2024

Crude Oil Moved Up But Looks Vulnerable

Crude oil inventories in US commercial storage fell by 12.2 million barrels last week, marking the sharpest decline since last July. The decrease is attributed to preparations for the start of the US driving season. Not only was the change significant, but it was also drastically different from the expected 0.4 million decline, prompting impulse […]
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Sunset Market Commentary

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