NZD/USD: is the correction over?
Last week NZD/USD once again met resistance in the 0.6155 area. As you can see from the chart, this area stopped the pair twice before within the recent month.
EUR/CHF: picture looks grim
Trade idea
SELL 1.10; TP 1.0925; SL 1.1025
EUR/CHF broke below 1.1150 - the lower border of the sideways range within which it has been trading since the middle of 2018. Then the euro retested this line at the end of June but was once again rejected lower. It means that the pair will likely go to lower levels. The obvious target lies at 1.0925 (78.6% Fibo retracement of the 2017-2018 advance).
The upcoming meeting of the European Central Bank represents a negative factor for the European currency.
Elizabeth Belugina
Similar
Trade setups for AUD/JPY
It’s worth paying attention to AUD/JPY. The pair has approached the resistance line connecting April and May highs.
How to trade EUR/GBP?
The way EUR/GBP bottomed around 0.8700, then rose above 0.8870 and jumped from the trendline support at 0.8910 shows that the pair possesses bullish momentum.
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