Wednesday, 25 December 2024

European Currencies Correct in Anticipation of a Pre-Holiday Rally

by BD Banks

Despite the Federal Reserve’s hawkish stance and the upcoming inauguration of Donald Trump, who has frequently discussed the possibility of new trade tariffs, EUR/USD and GBP/USD managed to find medium-term support last week. Both pairs are now attempting to recover toward recent highs. GBP/USD Last week, GBP/USD broke below the November low at 1.2480. However, […]

The post European Currencies Correct in Anticipation of a Pre-Holiday Rally appeared first on Action Forex.

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