Have you seen the USD? It lost value against the EUR and JPY - a rare situation - grab it!
EUR/USD: "Tweezers" on 34 Moving Average
The market has been rising since a "Tweezers" model formed on the 34 Moving Average. There's no any reversal pattern so far, which means the market is likely going to test the nearest resistance area in the short term.
There's a bullish "Hammer", which has been formed at the last local low. So, the price is likely going to continue moving up in the coming hours.
What are the key technical levels for the main pairs? Check the article to set yourself for this day's trends.
EUR/USD ran into resistance of the 100- and 200-week MAs at 1.1340 and slid towards 1.1100.
Risk-on pushed stocks and riskier currencies upward.
It’s simply the question of time before gold price gets to the higher levels…
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