-
EURUSD and DXY on the Edge: Key Levels to Watch This Week
EURUSD is facing a critical test today as it hovers near the must-hold 1.1100 support level, while DXY tests key resistance at 101.13. EURUSD bulls are being put to the test today. As discussed in recent videos, the 1.1100 area represents a must-hold support for bulls. We also know that DXY 101.13 is a critical resistance level that could trigger dollar strength if broken. Although EURUSD isn’t in trouble yet, today’s price action shows the most vulnerability we’ve seen in weeks. It’s also the first significant bounce for the USD from the December 2023 low. However, it’s important to remember that these are ... (full story)
- Comments
- Subscribe
-
- Older Stories
From orbex.com|Aug 28, 2024At its last meeting, the ECB kept rates unchanged, but left the door wide open for a potential rate cut when it meets again in September. Since then, data has generally been ...
From fxnewsgroup.com|Aug 28, 2024Earlier this month we reported that Australia based Retail FX and CFDs broker ACY Securities had launched a new proprietary trading platform, LogixTrader. The company also made ...
From bnnbloomberg.ca|Aug 28, 2024With a September interest-rate cut all but certain and attention turning to the pace of future reductions, Federal Reserve officials are coalescing around a gradual approach to ...
-
- Newer Stories
From bnnbloomberg.ca|Aug 28, 2024The Mexican peso rebounded from an almost two-year low after the incoming leader of the ruling party in the lower house said a controversial proposal to overhaul the country’s ...
From youtube.com/reuters|Aug 28, 2024Investors await PCE core prices data this Friday to gauge the Federal Reserve's easing plans. But ING's James Knightley told Reuters the upcoming labor market in September will be ...
From moneyinsideout.exantedata.com|Aug 28, 2024The size of China’s goods balance is widely remarked, but how this foreign exchange surplus is recycled receives less attention. Yet the conversion of this FX surplus could be ...
- Story Stats
- Posted: Aug 28, 2024 1:19pm
- Submitted by:Category: Technical AnalysisComments: 0 / Views: 4,960
