Dow Jones – 11.09.2024 – Orbex Forex Trading Blog

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There are a couple to take note of on the day, as highlighted in bold below. The first one is for EUR/USD at the 1.1625 level. It isn’t one that ties to any technical significance, so the impact of the expiries should be more muted. The pair has been on the ascend since last week…

GBP/USD stayed in consolidations above 1.3247 last week and outlook is unchanged. Initial bias remains neutral this week first, and further fall is in favor. Break of 1.3247 will target 1.3140 cluster (38.2% retracement of 1.2099 to 1.3787 at 1.3142). Strong support is expected there to contain downside to complete the corrective pattern from 1.3787….

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