The currency pair faced headwinds on Friday, trading around the 1.1206 mark as investors anticipated the European Central Bank’s (ECB) upcoming policy decision. The ECB is widely expected to announce another rate cut of 25 basis points (bps) as part...
TRADE BY RSI INDICATOR *Trading with the Relative Strength Index (RSI) Indicator* The Relative Strength Index (RSI) is a popular technical analysis tool used to identify overbought and oversold conditions in financial markets. Developed by J. Welles...
The spot price witnessed a modest decline against the US dollar index (DXY) on Friday, although this downward trend might be mitigated by increasing speculation regarding a possible interest rate hike in Japan. The country's economy exhibited...
The spot price continued its ascent against the US dollar (USD) on Friday, surpassing the crucial 1.3410 level and reaching 1.3440 during New York trading hours. This upward movement coincided with a relatively stagnant US dollar index (DXY), which...
Last week, bears handed the initiative to the bulls, allowing the price to rise. However, bulls were unable to sustain long-term growth. The wave structure is still forming downward, and the MACD indicator remains in the lower sales zone, although...