Dollar braces for crucial December with Fed meeting, Powell’s successor pick

Last week, we published a post titled “Ahead of Nvidia’s (NVDA) Earnings: How the Price Could Move”, in which we: → Drew an ascending channel (shown in blue);→ Suggested that market participants’ overly high expectations would likely not be met when earnings were released, leading to a decline in NVDA’s price towards the lower boundary…

The EURUSD pair has reached a critical juncture, currently testing the 1.1188 resistance level. This price point could prove pivotal for the pair’s near-term direction. A successful breakout above 1.1188 would signal a resumption of the upward movement that began at 1.1001. Should this occur, traders might see the pair push towards the 1.1250 area….

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Elior Manier Market Analyst Elior brings over seven years of experience in financial markets to our analyst team. Since 2018, he has actively engaged in observing, charting, and trading, driven by his passion for mastering market dynamics. With a profound understanding of the geopolitical and macroeconomic forces that shape market movements, Elior focuses on analysing…