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: ideas for small trades
BUY 1.1410; TP 1.1440; SL 1.1400
SELL 1.1370; TP1 1.1345; TP2 1.1315; SL 1.1385
EUR/USD keeps trading with volatility but in a small range. There’s a very strong support level at 1.1310 (200-week MA). At the same time, there’s significant selling interest in the 1.1410/1.1440 area that has been limiting the upside since late October.
It seems that the market hasn’t made its mind yet about the future movement of the prices. As a result, it’s sensible to focus on small trades.
It’s worth paying attention to AUD/JPY. The pair has approached the resistance line connecting April and May highs.
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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