Market News

Follow the latest financial and economic news, market updates, reports, and analysis on PipVero.

Source: Action Forex News Agency
4 weeks ago
Forex Medium Importance AI Analyzed
EURUSD Consolidates Above Key Supports Ahead of US Inflation Data

EURUSD Consolidates Above Key Supports Ahead of US Inflation Data

EURUSD remains in extended consolidation under new 3 ½ month high (1.1711) with action holding above broken Fibo barrier at 1.1648 (61.8% of 1.1849/1.1324 descend) that maintains bullish bias (despite initial negative signals from long upper shadows on Thu/Fri daily candles) and keeps the upside in focus. Daily studies keep strong positive momentum, with multiple MA bull-crosses and converged 10/200DMA on track to form golden cross, underpinning the action.

Related Symbols 1
Source: Action Forex
Visit Source
Comment