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Source: Forexcom News Agency
1 month ago
Forex Medium Importance
Euro Technical Forecast: EUR/USD Reversal Rally Faces Its First Major Hurdle

Euro Technical Forecast: EUR/USD Reversal Rally Faces Its First Major Hurdle

EUR/USD has extended its recovery from the yearly low after last week's outside-week reversal triggered a decisive breakout from the July consolidation range. The rally has now reached the first major resistance zone since the June decline began, making this an important test of whether buyers can sustain the improving technical backdrop.

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EURUSD EUR/USD
Source: Forexcom
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Source: Action Forex News Agency
1 month ago
Forex Medium Importance
Gold Seems to Have Completed Its Corrective Pullback

Gold Seems to Have Completed Its Corrective Pullback

Last week, gold posted a modest July gain, which has already given buyers a significant boost this week. With prices up 6.5% since the start of the week, gold has confirmed a major technical breakout, bringing to an end the downtrend that began in February.

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XAUUSD XAU/USD
Source: Action Forex
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