Democrats’ distrust of Trump keeps them from forming ‘gang’ to negotiate government shutdown
Trump and GOP leaders John Thune and Mike Johnson have conditioned health care negotiations on reopening the government first.
-
-
EURUSD Technical: The 50% held resistance. Now the 100 day MA is being approached.
Earlier today, the EURUSD pushed higher, making a strong test of a key resistance level: the 50% midpoint of the September high-to-October low range. This level is located at 1.17297, and the high of the day came in just shy of it at 1.17285.
Following this resistance test, steady selling pressure entered the market. The subsequent move to the downside first tested an intermediate swing area between 1.1680 and 1.1685, which also contains the 38.2% retracement of the aforementioned range.
The price action continued lower, moving toward another critical support zone defined by the swing area of 1.16449 to 1.16596. Crucially, the 100-day Moving Average (MA) sits right within this zone at 1.16484.
Buyers have actively defended this lower area, with the low reaching 1.1657—holding above the 100-day MA. This defense has led to a modest bounce, and the pair is currently trading near 1.1663.
Outlook
-
For Sellers: Control requires a decisive break and close below the 100-day Moving Average (1.16484).
-
For Buyers: Dip buyers will continue to use the 100-day MA as a floor for a potential rotation back toward the 38.2% retracement/swing area (1.1680-1.1685).
-
The 50% midpoint (1.17297) remains the absolute key barometer and defining hurdle for any sustained breakout to the topside.
This article was written by Greg Michalowski at investinglive.com.
-
-
Benioff’s backing of Trump, troops in SF leads Salesforce Foundation director Conway to quit
Prominent startup investor Ron Conway has left the board of the Salesforce Foundation following comments Marc Benioff made in support of President Trump. -
EUR/USD retreats from two-week high as Trump tones down tariff threats
The Euro (EUR) weakens against the US Dollar (USD) on Friday, snapping a three-day winning streak as the Greenback finds renewed strength after US President Donald Trump softened his rhetoric on US-China trade tensions. -
South Korea’s Kospi hits fresh record high for third straight day on optimism over trade talks
Shares of regional banks and investment bank Jefferies tumbled Thursday as fears mounted around some bad loans lurking in the U.S. -
Eco Data 10/24/25
The post Eco Data 10/24/25 appeared first on Action Forex.
-
Eco Data 10/23/25
The post Eco Data 10/23/25 appeared first on Action Forex.
-
Eco Data 10/22/25
The post Eco Data 10/22/25 appeared first on Action Forex.
-
Eco Data 10/21/25
The post Eco Data 10/21/25 appeared first on Action Forex.
-
Eco Data 10/20/25
The post Eco Data 10/20/25 appeared first on Action Forex.
End of content
End of content