Homesickresident

Homesickresident

FOREXCOM:XAUUSD X on the fall due multiple confluences

Homesickresident

EU is witnessing a decline below the 1.075 breakout support during Wednesday's Asian session. This decline is primarily attributed to the strengthening of the US Dollar, driven by expectations of higher interest rates from the Federal Reserve. This has bolstered the USD while putting pressure on the EUR. Both fundamental and technical indicators suggest market...

Homesickresident

The EURUSD currency pair reacted precisely as predicted yesterday. The level of 1.0990 proved to be a strong resistance, leading to a decline to the anticipated buying point at 1.0940, after which it experienced a rebound of almost 40 pips. The current price action appears somewhat neutral, leaning towards bullish, while the overall trend remains upward. The...