NZD/USD is looking for a clear direction in the short-term, as the technical indicators are showing a neutral stance…
EUR/USD broke strong support area
- EUR/USD broke strong support area
- Next sell target - 1.1500
EUR/USD today broke through the support area lying between the support level 1.1660 (which has been reversing the price from August) and the 50% Fibonacci correction of the previous upward impulse from the middle of June. The breakout of this support area accelerated the active B-wave of the intermediate ABC correction (B) from the start of this month. EUR/USD is expected to fall to the next sell target at the next support level 1.1500.
Narrow bearish Ichimoku Cloud, horizontal Senkou Span A and B; a new weak golden cross of Tenkan-sen and Kijun-sen; the prices are three way bounced from the SSB’s resistance.
Today’s news headline is that Trump officially announced the withdrawal of the US from the Paris climate agreement…
The European Central Banks left its key interest rates…