Starts to reach lower support targets. The GBPUSD is trading at a new session low and in the process has started to reach some lower target support levels. The price action lower, has also erased the day's gains with the pair trading above and below unchanged on the day.
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EURUSD erases gains on the day.
Back below the 200 hour MA The EURUSD started the NY session at the highs for the day. The pair was testing the 61.8% of the move down from the April high at 1.09887. .
GBP/USD Price Analysis: Pound dips and stabilizes around mid-1.2400s
The recovery from mid-March remains intact as the spot consolidates above the 1.2300 figure but below the main SMAs on the daily chart.
EUR/USD finds resistance ahead of 1.0900, turns flat near 1.0830
Boosted by the upbeat market mood, the EUR/USD pair rose to a fresh weekly high of 1.0890 during the European trading hours. However, the pair struggl
EUR/USD Price Analysis: Euro trims intraday gains, trades near 1.0840 level
Euro/Dollar is trading within familiar while erasing intraday gains as the spot is trading below the main daily SMAs suggesting an overall bearish bias.
US Consumer Confidence tumbles, but forward-looking measures improved – Wells Fargo
Data released on Tuesday showed a record slide in Consumer Confidence, measured by The Conference Board. Analysts at Wells Fargo point out the present
USD/MXN tumbles to five-day lows as Mexican peso strengthens
The USD/MXN is falling on Tuesday by more than 1% on the back of an improvement in risk sentiment. The pair dropped from 24.85 to 24.31, reaching the
EUR/JPY Price Analysis: Euro drifts below 116.00 figure vs. Japanese yen
EUR/JPY remains under selling pressure below its main SMAs (simple moving averages) on the daily chart as the currency cross is nearing the 2020 low at 115.54.
USD/JPY rebounds toward 107 as Wall Street turns red after US data
The USD/JPY pair dropped to its lowest level since mid-March at 106.57 on Tuesday but staged a rebound during the American trading hours. As of writin
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