It’s worth paying attention to AUD/JPY. The pair has approached the resistance line connecting April and May highs.
EUR/USD found a base
BUY 1.1210; TP1 1.1260; TP2 1.1320; SL 1.1190
Although EUR/USD has recently tested levels just above 1.11, buyers didn’t let the euro fall lower. On D1, we can clearly see that the second low set on Friday, May 3, was higher than the one of late April. The candlestick with the long lower wick gave EUR/USD bullish momentum. The pair is above the weekly pivot point (1.1199). It may now form a kind of harmonic pattern rising to 1.1260 (50-day MA) and even to 1.1320 (100-day MA).
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?
What moves the German index?
The Canadian dollar broke out through the 1.40 psychological mark. What’s the reason?
How to trade gold in 2020?