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The main currency pair is correcting its positions on Thursday. The EURUSD exchange rate currently stands at 1.0832. Industrial production in the eurozone in September dropped by 1.1% m/m, proving to be weaker than expected (-0.9%). The index had risen by 0.6% the previous month. Logically, the production sector is facing challenges due to high […]

The British pound sterling paired with the US dollar is experiencing a decline on Thursday. The current GBPUSD quote stands at 1.2391. The UK continues to report its success in mitigating price pressure. The consumer price index decreased to 4.6% y/y in October, down from the previous 6.7%. Last month, core inflation fell to 5.7% […]

TitleGBPUSD H4 | Rising towards resistance? TypeBullish Rise Preference:Price is currently at our pivot point of 1.2390, which serves as a pullback support that aligns with the 38.2% Fibo retracement. A reversal from this point could lead the price rise to the 1st resistance at 1.2479 Alternative scenario:However, if the price breaks below the pivot, […]

The price of the currency pair EUR/USD broke the resistance level of 1.0765. The price of this asset should potentially rebound to the broken level, pull back, rise, and target the resistance level of 1.1000 next. Brent oil has formed a bearish trap at the level of 81.65 and rebounded from the lower side of […]

USDCHF, “US Dollar vs Swiss Franc” USDCHF has broken the 200-day Moving Average on H4, indicating a possible development of a downtrend. However, the RSI is already in the oversold area. As a result, the quotes are expected to rise above 2/8 (0.8911), reaching the resistance level of 3/8 (0.8977). The scenario can be cancelled […]

EURUSD, “Euro vs US Dollar” The EURUSD pair has completed a declining momentum at 1.0860 and a correction to 1.0868. Today the market is making a movement within a decline wave to 1.0790. After the price reaches this level, a rising link to 1.0829 is not excluded (with a test from below). Next, a decline […]