It's likely that the pair is going to test the next support at 1.2994 - 1.2977. A pullback from this area could be a departure point for...
EUR/NZD broke powerful resistance level 1.6690
- EUR/NZD broke powerful resistance level 1.6690
- Next buy target - 1.7000
EUR/NZD today broke sharply above the powerful resistance level 1.6690 (which stopped the previous impulse waves 1 and 3, as can be seen from the daily EUR/NZD chart below). The breakout of the resistance level 1.6690 accelerated the active minor impulse wave 5 – which belongs to the intermediate impulse wave (C) from June. EUR/NZD is expected to rise to the next buy target at the next resistance level 1.7000 (forecast price for the termination of the active wave (C)).
Narrowing bearish Ichimoku Cloud with rising Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen, but rising Tenkan-sen; the bulls could breakout the Kijun’s resistance.
GBP/JPY broke support level 141…
Recommendation: BUY 0,9765 SL 0,971 TP1 0,985 TP2 0,9895…