First, if the price breaks below the 168.02 level, it indicates that the sellers have gained control, and further decline is expected. This level acts as a critical support, and breaking it suggests that the market sentiment has turned bearish....
The pair experienced a trimming of gains near the 157.00 mark during the early Asian session on Friday. This movement comes in the wake of softer-than-expected US CPI inflation data, which has exerted selling pressure on the US Dollar (USD)....
Technical analysis of the EURUSD pair Daily chart During trading on Friday, the pair's price fell and the rising red channel was broken. During this month, the price begins trading within price channels with an upward trend that represents the...
The pair has been trading positively for the fourth consecutive day, reaching near 156.70 on Friday during the early Asian session. This rise is largely driven by speculation that the Federal Reserve (Fed) may maintain higher interest rates for an...
Analyzing GBP/USD Currency Pair: Technical Patterns and Potential Future Movements: In today's comprehensive analysis, we delve into the intricate price movements of the GBP/USD currency pair, examining various technical patterns and potential...