AUD/NZD experienced an impressive rally since the end of March.
EUR/USD: euro is oversold
Technical levels: support – 1.2180, 1.2125; resistance – 1.2260.
- Sell — 1.2260; SL — 1.2280; TP1 — 1.2180; TP2 — 1.2125;
Reason: expanding bearish Ichimoku Cloud with falling Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen with falling Tenkan-sen and Kijun-sen; the prices are on new local lows, but the market is ovesold.
The market is likely going to continue declining. The main intraday target is the next support at 1.1526 - 1.1508...
Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the market is under strong resistance and prices entered into the channel Tenkan-Kijun.
AUD/CAD falling inside impulse waves 3 and (C) Next sell target - 0…