XAU/USD: an attempt to recover
After forming a “hammer” candlestick on the D1 on Tuesday, XAU/USD rose to $1,467 and consolidated between this level and $1,461.
More downside for EUR/USD
Trade idea
SELL 1.1370; TP 1.1340; SL 1.1380
As we pointed out at the start of the week, EUR/USD failed to pursue upside and returned the levels, at which it has been trading since the end of October.
It looks like the downside is still not finished. Although the pair managed to close above the 50-day MA at 1.1380 yesterday, it’s now testing lower levels. The support line from November lows at 1.1340 will attract the pair. There’s scope for such move: the lower daily Bollinger band is at 1.1320, daily Alligator is declining.
Elizabeth Belugina
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XAU/USD: an attempt to recover
After forming a “hammer” candlestick on the D1 on Tuesday, XAU/USD rose to $1,467 and consolidated between this level and $1,461.
AUD/USD is looking down
AUD/USD that has settled below the 100-day MA in the 0.6840 area. Learn more!
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