Bullish target for NZD/USD
NZD/USD made a confident rebound during the recent two weeks.
EUR/GBP: bears are drawing a wedge
Recommendation:
SELL 0.8885
SL 0.894
TP1 0.8825 TP2 0.8795 TP3 0.8745
On the daily chart, EUR/GBP keeps consolidating within “Spike and ledge” on the basis of 1-2-3. Bulls tried to break to its upper border near 0.9015 but were then pulled off to the starting positions. Currently, the pair is fighting for an important level of 38.2% of the bullish medium-term wave.
On H1, EUR/GBP bears got a chance to form the reversal pattern “Widening wedge”. If they use it, the risks of correction towards 50% and 61.8% of the last bullish wave and lower will increase.
Ivan Karamazov
Similar
Levels to trade EUR/USD
Last week EUR/USD tested 1.1570 but then retraced down and closed below 1.15.
Trading GBP/JPY on the news
Britain will release some economic data today. The forecast is positive. It’s possible to try to exploit this idea trading GBP/JPY.
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