EUR/GBP increased in the last hours and it continues to stay above critical support level. Still, the pressure is high, so a new lower low could activate a new sell-off. The bias is bearish despite the current growth. GBP could take the lead again if the UK’s inflation data will come in line with …
EUR/USD Upside Remains Intact!
EUR/USD is bullish and it could resume its upwards movement as the DXY is berish after poor US retail sales data. The pair has decreased a little after reaching the 1.2168 level, today’s high, but the bulls are still in the game. The outlook is bullish after making new highs in the short term. …
AUD/USD Short-Term Reversal!
AUD/USD rallies at the moment of writing as the DXY drops after poor US data. The greenback has dominated the currency in the short term after the US inflation data release. Unfortunately, USD’s appreciation was only a temporary one. The US Retail Sales increased only by 0.0% versus 0.1% …
