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: euro keep staying on daily support
Technical levels: support – 1.1460; resistance – 1.1500.
Trade recommendations:
- Sell — 1.1500; SL — 1.1520; TP1 — 1.1460; TP2 — 1.1390.
Reason: expanding bearish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen, but narrowing channel of Tenkan-Kijun; the prices are tested daily support on 1.1460 again and may return to Tenkan-sen and Kijun-sen.
Tatyana Norkina
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