USD/ZAR: there’s more to come
USD/ZAR is capable of more downside on the ongoing trade optimism and as the market’s view switches to the Federal Reserve’s meeting later this month.
EUR/GBP is finally correcting
Trade idea
SELL 0.9230; TP1 0.9200; TP2 0.9160; SL 0.9245
EUR/GBP may be about to make a bigger downside correction. Weak economic figures released in the euro area on Wednesday showed that the single currency doesn’t deserve to rally that much even versus the weak pound.
The currency pair closed yesterday below the August support line and slipped below the weekly pivot point at 0.9250. On D1, the Awesome Oscillator started going down. On H1, the pair slipped below the 200-hour MA. The decline below 0.9230 will open the way down to 0.9200 and 0.9160. The next support is at 0.9110/00. The uptrend will resume if EUR/GBP returns above 0.9300.
Elizabeth Belugina
Similar
EUR/USD pushed up from support
EUR/USD spiked down to the September low in the 1.0930 but failed to stay there and closed around 1.1060 on Thursday.
EUR/NZD: the opportunity is still here
When looking for pairs to trade to benefit from today’s meeting of the European Central Bank, pay attention to EUR/NZD
Latest news
USD/ZAR: there’s more to come
USD/ZAR is capable of more downside on the ongoing trade optimism and as the market’s view switches to the Federal Reserve’s meeting later this month.
EUR/USD pushed up from support
EUR/USD spiked down to the September low in the 1.0930 but failed to stay there and closed around 1.1060 on Thursday.
EUR/NZD: the opportunity is still here
When looking for pairs to trade to benefit from today’s meeting of the European Central Bank, pay attention to EUR/NZD
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