AUD/NZD faces more downside
AUD/NZD is making movements to the downside which are hard to ignore.
EUR/GBP: bulls grip a straw
Recommendation:
BUY 0.889
SL 0.8835
TP1 0.8980 TP2 0.9020 TP3 0.9070
On the daily chart, EUR/GBP is consolidating within a bullish channel. A break of its lower border near 0.8740 will increase the risks of the pair going to 200% target of AB=CD. On the other hand, bears’ inability to let the pair below the diagonal support will allow bulls to resume the uptrend.
On H1, EUR/GBP keeps forming the “Head and shoulders”. To continue the rally, the pair needs to break above resistance at 0.8890.
Ivan Karamazov
Similar
USD/CHF is capped by resistance
USD/CHF may test lower levels this week as long as it keeps trading below the resistance at 1.01.
Technical levels for NZD/USD
The pair is greatly influenced by the constant changes in global risk sentiment as well as the policy of the central banks.
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