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Daily Pivots: (S1) 1.1513; (P) 1.1545; (R1) 1.1569; More… EUR/USD’s fall from 1.1917 continues today and 4H MACD suggests that downside momentum remains firm. Intraday bias stays on the downside for 100% projection of 1.1917 to 1.1540 from 1.1727 at 1.1350. Decisive break there would prompt downside acceleration to 38.2% retracement of 1.0176 to 1.1917 […]
The post EUR/USD Mid-Day Outlook appeared first on Action Forex.
Dollar climbed across the board today, defying dovish rhetoric from Fed Governor Stephen Miran. The greenback’s resilience suggests that Miran’s influence on expectations is limited, with investors noting that he represents the dovish edge of a divided policy spectrum. The broader committee remains split. Kansas City Fed President Jeffrey Schmid argued recently against imminent rate […]
The post Dollar Extends Gains as Markets Dismiss Dovish Fed Remarks, RBA in Focus Next appeared first on Action Forex.
The USDCHF is the biggest mover of the day (+0.46%), extending higher to test a key ceiling area between 0.8071 and 0.8076. The high reached 0.8078 so far, briefly peeking above that resistance zone. A sustained break above this region would boost buyer confidence and open the door for further upside targets from previous swing areas at 0.8103, 0.8116, and near the 0.8150 zone.
Taking a broader view, since late April, the pair has remained below the 2011 low at 0.8333—a key historical barrier that was briefly breached in May before failing. Despite that longer-term weakness, since June 23, the USDCHF has been consolidating within a broad range between 0.7871 and 0.8171, suggesting a market still searching for directional conviction near levels not seen for 14 years. A clear break above 0.8076 could be the next step toward testing the upper boundary of that multi-month range.
This article was written by Greg Michalowski at investinglive.com.
The USDCHF is the biggest mover of the day (+0.46%), extending higher to test a key ceiling area between 0.8071 and 0.8076. The high reached 0.8078 so far, briefly peeking above that resistance zone. A sustained break above this region would boost buyer confidence and open the door for further upside targets from previous swing areas at 0.8103, 0.8116, and near the 0.8150 zone.
Taking a broader view, since late April, the pair has remained below the 2011 low at 0.8333—a key historical barrier that was briefly breached in May before failing. Despite that longer-term weakness, since June 23, the USDCHF has been consolidating within a broad range between 0.7871 and 0.8171, suggesting a market still searching for directional conviction near levels not seen for 14 years. A clear break above 0.8076 could be the next step toward testing the upper boundary of that multi-month range.
This article was written by Greg Michalowski at investinglive.com.
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