EUR/USD traded with marked gains and managed to briefly test the area beyond the 1.0300 hurdle on Tuesday, on the back of the weaker Greenback and rising caution ahead of Wednesday’s publication of US CPI readings.EUR/USD remains under pressure,...
The USD/JPY (US Dollar / Japanese Yen) pair presents a unique set of dynamics in the forex market, driven by a blend of technical patterns, economic factors, and market sentiment. Analyzing this pair requires understanding not only the typical...
EUR/USD Technical Analysis The EUR/USD currency pair remains in a downtrend on the 4-hour time frame. The market structure suggests that selling pressure is ongoing, as the pair is currently trading near the 50-day Simple Moving Average (SMA), which...
USD/JPY Market Sentiment The USD/JPY market is showing a strong uptrend today. Both market sentiments determine the USD/JPY market price action, and the recently released US Headline PPI (MoM) and US PPI (MoM) data boosted the US dollar’s strength...
GBP/USD Technical Analysis The GBP/USD currency pair is currently in a sell trend in the 4-hour time frame, with the market structure also supporting sellers. The price has formed a key support level near 1.2000, temporarily easing the downside...
