It’s worth paying attention to AUD/JPY. The pair has approached the resistance line connecting April and May highs.
EUR/USD: EUR may break a psychological low
TP1 1.1205 TP2 1.1175 TP3 1.075
On the daily chart of EUR/USD, bulls couldn't pull the pair out of the short-term consolidation of 1.13-1.15 and to targets of the "Wolfe waves". It signals their weakness. Bears have taken the initiative. To keep moving down they need to break the support at 1.13.
On H1, 88.6% and 113% targets determine key levels of support at 1.1325 and 1.1285. A break of the August low may cause a sharp decline.
The way EUR/GBP bottomed around 0.8700, then rose above 0.8870 and jumped from the trendline support at 0.8910 shows that the pair possesses bullish momentum.
The New Zealand dollar seems to be tipping out against the USD. Will that be another full cascade downwards?
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The Canadian dollar broke out through the 1.40 psychological mark. What’s the reason?
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