Technical levels of AUD/CAD
EUR/USD reversed from support zone
- EUR/USD reversed from support zone
- Next buy target - 1.1500
EUR/USD recently reversed up sharply from the support zone lying between the support level 1.1320 (former powerful resistance level which reversed the price in 2016, as can be seen from the weekly EUR/USD chart below) and the 38.2% Fibonacci correction level of the previously sharp upward impulse from June. The upward reversal form this support zone continues the active impulse waves (iii) and (c). EUR/USD is expected to rise to the next buy target at the next resistance level 1.1500 (target price for the completion of the active impulse wave (iii)).
There's no any reversal pattern so far, so the market is likely going to test the nearest resistance area in the short term...
GBP/JPY reversed from resistance zone Next sell target - 149…
If we see a pullback from the lower 'Window', the pair is likely going to test the nearest Moving Averages...