EUR/USD experienced an upward movement on Monday following a correction, trending towards 1.1759. Previously, the US dollar had somewhat recovered after last week’s drop, bolstered by a heightened demand for safe-haven assets due to the intensifying US-Iran conflict. Donald Trump stated that the US Navy engaged and detained an Iranian vessel in the Gulf of … Read more
The USD/CHF pair has declined to approximately 0.7905 during the early European session on Friday. Further consolidation is a possibility as the pair continues to be constrained beneath the Bollinger Bands’ 20-day SMA, accompanied by a neutral RSI. The immediate resistance level is identified at 0.7930, while the initial support level is observed at 0.7895. … Read more
The GBP/USD exchange rate fluctuated following a report indicating that the UK economy experienced a slowdown in the fourth quarter of the previous year. The asset maintained a narrow trading range following a report indicating that US inflation decreased in January, which heightens the likelihood of additional interest rate cuts by the Federal Reserve this … Read more