Hello, GBP/USD is back in the red below 1.2750 in European trading on Wednesday. The pound sterling loses traction amid renewed US dollar buying as risk sentiment deteriorates ahead of the crucial US CPI showdown. US inflation data is key to gauge...
GBP/USD is trading at 1.2750 at the time of writing. The chart continues to show signs of further weakness as the pair tries to test higher support levels. The current trend in the GBP/USD market is in line with the downtrend, bullish sentiment is...
Euro tests 1.05 as sticky inflation fuels uncertainty The euro fell slightly during early trading on Wednesday, testing the critical 1.05 level following the release of US CPI data. The consumer price index showed a month-on-month increase of 0.3%,...
Technical Analysis EUR/USD H-4 Chart Hello everyone, technical analysis of the EUR/USD currency pair on the H4 chart. General trend: The pair is trading below the MA50 and MA200 moving averages, which show a downtrend. These MA levels are...
The Australian dollar reached key support at 0.6350 The Australian dollar recently dropped to the 0.6350 level, an important area that has served as a crucial support point many times. This level is now under scrutiny as its ability to hold will...
