The technical picture you're describing is focused on the behavior of a currency pair or asset, with a particular emphasis on how the price is performing around key levels like 1.3300 and 1.3410. When looking at a 4-hour chart, one of the main...
A strong entry point in the forex market is fundamental to achieving success in trading. Establishing an effective entry strategy requires relying on a well-tested approach that has been validated over extended periods. A good entry point minimizes...
Last week, the GBP/USD pair reached a fresh 30-month high, nearing the 1.3430 level, following a significant interest rate cut by the US Federal Reserve (Fed). The Fed’s decision to reduce rates by 50 basis points (bps) marked its first rate cut in...
Technical Analysis of EUR/USD Last week, the euro tried to continue its growth, but it encountered a critical barrier and failed to break through it. The price touched the level of 1.1198 but almost immediately reached the level of 1.1121, after...
The pair briefly touched the 1.1004 level on Thursday, before retreating back to its opening bids as market forces weighed on the Euro. After a short-lived technical recovery earlier in the week, the pair remains constrained, with traders shifting...