EURUSD edges higher from new 5 ½ month low 1.0602) on Tuesday, as strongly oversold daily studies prompted profit-taking. Near-term sentiment turned fully bearish, and the action weighed by a large weekly bearish candle (the par was down 1.8% last week). Upticks should provide better selling levels, with solid barriers at 1.0700 zone (former low […]
US Dollar Index hits new yearly low after PCE inflation report came in softer than expected. PCE data shows personal income rose less than expected, PCE price index increased by 0.1% MoM, and core PCE increased by 0.1%, below expectations. DXY is on the edge of a cliff as rate cut bets and dovish Fed […]
The post US Dollar Index (DXY) Slides to Fresh Lows Post PCE Data appeared first on Action Forex.
Share
