Euro continues to slide against the US Dollar EUR/USD struggles to recover The EUR/USD pair remains under pressure as it hovers near the 1.1065 mark, marking a decline for the fifth consecutive day to reach a two-week low. The pair is currently trading with a sideways momentum in the early hours of Tuesday’s Asian session….
Blog Post: The AUD/USD Pair and Market Trends What’s Going on? The AUD/USD pair has recently faced strong resistance near the 0.6750 mark, following a slightly hesitant pullback during the late European trading session. The Aussie currency’s attempt at recovery has started to fizzle out as investors adopt a more cautious approach. This shift in…
GBP/JPY Cross Tumbles to Start the Week Oh no, the GBP/JPY cross is not having a good day! It seems like the new week is already off to a rough start for the GBP/JPY cross, as it reverses a part of Friday’s positive move and heads back down. The pair had hit a nearly two-week…
USD/INR grinds higher past 82.00: A Funny and Quirky Look at the Market Getting Defensive at 82.05 It’s a Monday morning, and the USD/INR pair is grinding higher past 82.00, reaching 82.05. It seems like the Indian Rupee (INR) is feeling mostly defensive today, as it consolidates the previous two-week downtrend. The market is in…
GBP/USD remains under pressure at 1.2850 What happened? GBP/USD is struggling to gain ground above the 1.2850 level after a sharp decline at the start of the week. The pair is currently trading between the 100 and 200 Exponential Moving Average (EMA), with oscillators signaling bearish momentum. Traders are now waiting for the release of…
