NZD/USD is looking for a clear direction in the short-term, as the technical indicators are showing a neutral stance…
EUR/USD reached buy target 1.1900
- EUR/USD reached buy target 1.1900
- Next buy target - 1.2100
EUR/USD continues to rise inside the minor impulse wave 5, which earlier broke above the pivotal resistance level 1.1900 (which was set as the buy target in our earlier forecast for this currency pair). The breakout of the resistance level 1.1900 accelerated the active impulse waves 5 and (iii). EUR/USD is expected to rise to next buy target at the next resistance level 1.2100 (target price for the completion of the active impulse wave 5, intersecting with the resistance trendline of the daily up channel from March).
Narrow bearish Ichimoku Cloud, horizontal Senkou Span A and B; a new weak golden cross of Tenkan-sen and Kijun-sen; the prices are three way bounced from the SSB’s resistance.
Today’s news headline is that Trump officially announced the withdrawal of the US from the Paris climate agreement…
The European Central Banks left its key interest rates…