It’s worth paying attention to AUD/JPY. The pair has approached the resistance line connecting April and May highs.
EUR/USD: euro may update highs
Technical levels: support – 1.1670; resistance – 1.1720.
- Buy — 1.1680; SL — 1.1660; TP1 — 1.1720; TP2 – 1.1780.
Reason: expanding bullish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen with expanding channel Tenkan-Kijun; the prices are supported by Tenkan and Kijun and may goes higher.
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.
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