EUR/USD: Forex Trends using Price Action Our dialogue currently examines the EUR/USD currency pair's price assessment. Today, my strategy was to wait for a rebound at the 1.0851 level, but the price dipped 5 points lower instead. Despite this, we...
The USD/CHF pair is currently navigating a critical juncture, especially with the impending Fed interest rate cut expected by the end of July. Analyzing the daily chart reveals a pivotal support zone highlighted by a yellow rectangle, which has...
ECB waits around while EUR climbs Last week, traders supported the euro, driving its strong recovery. The reason is the reduced concern about further ECB actions, especially regarding a second rate cut in September. While global markets anticipate...
We are analyzing the pricing movement of the USD/CHF currency pair. The current price is at 0.8930, indicating bullish strength. However, taking long positions seems expensive and less profitable at this moment. If the price drops to 0.8980, it...
The Australian dollar fell sharply early in Wednesday’s trading session, as the market hit a new low. In this case, it seems prudent to delay any action until the 0.6450 level is targeted. The current market panic is unprecedented in recent memory...