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The EUR/USD pair could come back down if it stabilizes under the weekly pivot point. A new lower low could activate a larger drop. The bearish scenario could be invalidated by a valid breakout above 1.0593. The EUR/USD price plunged after the US inflation data was released. It has dropped as low as 1.0501, where … Continued
The post EUR/USD Price Erases Daily Losses Despite Upbeat US CPI appeared first on Forex Crunch.
Today, our free forex signals service trade is a sell order in EUR/CAD. The price will go down if the EUR resumes its bearish trend. The EUR/CAD cross retreated a little after reaching a strong resistance area. Still, a larger downside movement needs confirmation. The pair was trading around the 1.3678 level at the time … Continued
The post Free Forex Signals and Forecast: Sell EUR/CAD – 11 May 2022 appeared first on Forex Crunch.
As upcoming US CPI data has subdued FX market volatility, the GBP/USD remains around 1.2300. Inflation could reach 8.1%, and the US core consumer price index could fall 6%. Data on employment in Great Britain and the consumer price index will continue to dominate the news next week. The GBP/USD forecast remains negative as the … Continued
The post GBP/USD Forecast: Wobbling Around 1.23 Ahead of US Inflation Data appeared first on Forex Crunch.
Gold prices consolidated losses at a three-month low ahead of key US inflation data. Mixed sentiment, DXY pullback reminds buyers, but growth fears weigh on prices, Fed said. The formation of a 12-day-old megaphone, a weekly resistance line, also gives hope to the sellers, although a fall in the US CPI could extend the price … Continued
The post Gold Forecast: Recovering to $1,850 as USD Softens Ahead of Inflation appeared first on Forex Crunch.
The GBP/USD pair could extend its sell-off after validating the flag pattern. A new lower low could activate a larger downside movement. The bias remains bearish despite temporary rebounds. The GBP/USD price maintains a bearish bias despite temporary rebounds. The pair was trading at 1.2322 at the time of writing, far below 1.2375 today’s high. … Continued
The post GBP/USD Price Analysis: Bears Eying 1.23 Breakout as USD Firms up appeared first on Forex Crunch.
Today, our free forex signals service trade is a sell order in EUR/USD. The price will go down if the USD pauses correction and resumes upside. The EUR/USD pair moves sideways in the short term. However, the pair managed to rebound as the Dollar Index retreated. Still, the bias remains bearish as it may drop … Continued
The post Free Forex Signals and Forecast: Sell EUR/USD – 10 May 2022 appeared first on Forex Crunch.
AUD/USD is expected to update its intraday high and continue the corrective rollback from the two-year low. The market shows signs of risk-on with soft yields and moderately positive equity futures. China and Fedspeak support bids despite bearish NAB data out of Australia. US/China inflation, Fedspeak data, and Aussie Westpac Consumer Confidence will be key … Continued
The post AUD/USD Price Rebounds from 2-Year Lows amid Improved Risk appeared first on Forex Crunch.
Despite its 20-year high set the previous day, USD/JPY continues to fall. The yields on US Treasury bonds continue to fall in response to mixed Fed statements and lower inflation expectations. Headlines from China and Japan also support JPY’s corrective pullback. Investors may be entertained by risk catalysts ahead of Wednesday’s US inflation data. The … Continued
The post USD/JPY Price Retreating to 130.00 as Yields Slip, Eying US Inflation appeared first on Forex Crunch.
The bias remains bearish as long as it stays under the near-term resistance levels. Making a valid breakout through the confluence area may signal further growth. In the short term, it could continue to move sideways. The EUR/USD price rallied as the Dollar Index dropped in the last hour. The price moves sideways in the … Continued
The post EUR/USD Price Gains amid Dollar’s Correction, Supported by 1.0500 appeared first on Forex Crunch.
Today, our free forex signals service trade is a sell order in USD/MXN. The price will go up if the USD maintains its upside momentum. The USD/MXN pair dropped at the time of writing as the Dollar Index retreated. Still, the current sell-off could be only a temporary one before resuming its growth. The pair … Continued
The post Free Forex Signals and Forecast: Buy USD/MXN – 9 May 2022 appeared first on Forex Crunch.