Tag - usd

EUR/USD found a double bottom

On the daily chart of EUR/USD, bulls are trying to form a double bottom with the help of a bar with the long lower shadow. Bears are still hoping to trigger AB=CD pattern with targets 127.2%, 161.8%, and 200%.

USD/JPY: bears prepared a trap

On the daily chart of USD/JPY, bears are still hoping on the formation of the “Bat” in case of a break below the lower border of the uptrend channel.

Evergreen buck stabilizes versus yen

On Wednesday, the evergreen buck managed to stabilize versus the Japanese yen because the revenue of American Treasuries rebounded from the minimums provoked by worries over the worsening trade relations between China and the United States, although the…

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