The USD made decisive moves mostly with the exotic currencies - let's have a look to prepare for new market entries.
EUR/USD reversed from support zone
- EUR/USD reversed from support zone
- Next buy target - 1.2500
EUR/USD recently reversed up from the support zone lying between the key support level 1.2200 (which has been reversing the price from the start of February), lower daily Bollinger Band and the 38.2% Fibonacci correction of the upward impulse from December. The upward reversal from this support zone created the daily Japanese candlesticks reversal pattern Bullish Engulfing. EUR/USD is likely to rise further toward the next buy target at the next resistance level 1.2500.
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USD/CAD has made an immense move to the downside on Tuesday falling by about 200 pips.