EUR/USD: At present, the EUR/USD currency pair is exhibiting intriguing dynamics. A potential breakdown of the 1.0704 level is anticipated, signaling an opportunity for traders to open long positions. This level is crucial as its breach and...
GBP/USD Technical Analysis Investor confidence that price pressures will settle close to the target rate will rise in response to the anticipated drop in UK inflation. This will increase anticipations of an early Bank of England (BoE) rate decrease....
Dollar Index (USDX) On Monday, the US dollar (USD) was mostly stable due to market risk aversion brought on by the political unrest in France. Investors fled France due to worries about President Emmanuel Macron's ability to handle the prospect of a...
Analyzing the daily chart of the GBP/USD currency pair, we can see that the pair is in an uptrend phase, and the bulls are already attempting to break through the upper boundary of the daily TMA indicator, which will eventually lead to a shift from...
There are no macroeconomic events scheduled for Monday. Thus, low volatility and weak movements are expected for both currency pairs during the day. The European currency may adjust slightly upwards, but it should be remembered that the main trend...