It’s worth paying attention to AUD/JPY. The pair has approached the resistance line connecting April and May highs.
EUR/USD: the Bears looks strong
Technical levels: support – 1.1300; resistance – 1.1380.
- Sell — 1.1350/60; SL — 1.1380; TP1 — 1.1300; TP2 — 1.1270.
Reason: expanding bearish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen, but the lines are horizontal; the market returned to lows of the last week and may go lower.
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.
The New Zealand dollar seems to be tipping out against the USD. Will that be another full cascade downwards?
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