NZD/USD: is the correction over?
Last week NZD/USD once again met resistance in the 0.6155 area. As you can see from the chart, this area stopped the pair twice before within the recent month.
EUR/USD can rebound after a pullback
Recommendation:
BUY 1.1710
SL 1.1655
TP1 1.18 TP2 1.1940 TP3 1.2000
On the daily chart, EUR/USD managed to rise above resistance at 1.1750 and lead the pair out of the medium-term consolidation range (1.15-1.1750). As a result, the odds of continuation towards 200% and 88.6% of AB=CD and “Shark”.
On H1, EUR/USD keeps forming “Head and Shoulders” and AB=CD (200% target). The return of the pair to the neckline of the “Head and shoulders” pattern (1.1710 and 1.1750) may be used to buy EUR/USD.
Ivan Karamazov
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