Thu, Apr 02, 2026 22:06 GMT
More
    HomeLive CommentsDollar selling picks up pace. GBP leads, EUR follows, CAD could be...

    Dollar selling picks up pace. GBP leads, EUR follows, CAD could be next

    ActionForex
    By ActionForex

    Dollar selling is picking up pace in early European session.

    GBP/USD leads the way higher ahead of UK job data. Hitting as high as 1.4374 so far. It’s on track for 1.4519 projection level.

    EUR/USD finally makes up its mind and breaks 1.2396. Trend line resistance at 1.2429 is the first hurdle. But we’d expect an easy break there to 1.2475.

    And, USD/CAD could be the next one coming. A break of 1.2544 temporary low looks around the corner.

     

    Start Trading
    Start Trading
    Start Trading
    Start Trading
    ActionForex
    ActionForex
    ActionForex.com was set up back in 2004 with the aim to provide insightful analysis to forex traders, serving the trading community for two decades. We started providing only a daily and a mid-day report, now known as Action Insights. Gradually, we added a lot more in-house contents to the site. Technical Outlook section was expanded to cover more pairs. In addition to that, Top Movers, Heat Map, Pivot Point Charts and Pivot Meters, Action Bias and Volatility Charts, are tools used by traders from all over the world.

    Latest Analysis

    Load more

    Learn Forex Trading

    ActionForex.com was set up back in 2004 with the aim to provide insightful analysis to forex traders, serving the trading community for over a decade. Empowering the individual traders was, is, and will always be our motto going forward.

    Contact us: contact@actionforex.com

    © ActionForex.com © 2025 All rights reserved.