Chart Art: EUR/USD Long-Term Trend Line Break and Retest

EUR/USD recently fell through an ascending trend line on its daily time frame, but its potential reversal is still waiting to gain traction.

EUR/USD recently fell through an ascending trend line on its daily time frame, but its potential reversal is still waiting to gain traction.
Iran and Israel have agreed to a ceasefire, and markets had already started pricing out geopolitical risk yesterday as Iran’s retaliatory strikes against the US appeared measured in size. The US dollar is facing fresh pressure on the back of plummeting oil prices, and downside risks for USD remain elevated ahead of Fed Chair Powell’s…
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By Steven Hochberg | Elliott Wave International Conversations about whether or not the Fed will cut interest rates any time soon continue to dominate the airwaves. But we are looking elsewhere for signs about where markets and the economy are headed. Having observed market behavior for 45 years, we’ve got a lot of historical precedents…
UPCOMING EVENTS: Monday: BoJ Summary of Opinions, German IFO. Tuesday: Canada CPI, US Consumer Confidence. Wednesday: Australia Monthly CPI. Thursday: Japan Retail Sales, US Durable Goods Orders, US Final Q1 GDP, US Jobless Claims. Friday: Tokyo CPI, UK Final Q1 GDP, Canada GDP, US PCE, University of Michigan Consumer Sentiment (final). Tuesday The Canadian CPI…
The euro is drifting on Friday. EUR/USD is trading at 1.0892 in the European session, up 0.04% on the day. We could see some movement from the euro in the North American session, with the release of US nonfarm payrolls. ECB cuts, but no commitments to continue The ECB pressed the rate-cut trigger on Thursday…
Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses In DMC To Contact Him Directly To Discuss Their Options If you purchased or acquired securities in DMC between May 3, 2024 and November 4, 2024 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh…