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EUR/USD: market going to continue declining
Bears faced with support at 1.1734, but the market is likely going to continue declining. The main intraday target is the nearest support at 1.1712 - 1.1695. If a pullback from this area happens, we could have an upward price movement towards the closest resistance at 1.1776 - 1.1792.
Considering that the price found support at 1.1734, there's an opportunity to have a bullish correction. Meanwhile, if a pullback from the nearest resistance at 1.1756 happens little later on, bears are likely going to reach the next support at 1.1712 - 1.1695.
The volatility of the oil price these days questions the previously taken uptrend. Or does it not?
AUD/JPY finds itself at the crossroads of several trends - we will use various time frames to foresee the possible scenarios.
On the W1, Brent oil formed a bullish “hammer”…
In times of political and economic uncertainties, analysts recommend investing in safe-haven assets. However, since recently, the USD with the weak American economic data and the easing monetary policy has been losing its status. What about the JPY and XAU? The situation is unclear.
USD/CHF formed a “hammer” candlestick on the D1. The most recent price low wasn’t confirmed by the Awesome Oscillator on this timeframe.