The Euro appears to be like like it's headed decrease after breaking a near-term trend-line and value he
The Euro appears to be like like it’s headed decrease after breaking a near-term trend-line and value help at 11072. It’s going to doubtless be a bumpy street decrease, however with time the October low, then gap-fill from the April 2017 French election and 200-day MA combo are cheap targets within the week forward. Promoting rallies is the popular method. For extra, try this in-depth technical piece on EUR/USD written this morning.
EUR/USD Every day Chart (appears to be like headed decrease)
AUD/USD hit its head on resistance by way of a trend-lime from final 12 months. The flip down has the channel off the low in focus, a break of the decrease parallel may have the pair buying and selling on the bottoms from August-October within the 6700/6670 area.
AUD/USD Every day Chart (may quickly choose up draw back momentum)
GBP/JPY is sustaining the rally final month by constructing a symmetrical triangle. This leaves it poised to proceed greater in the direction of the 14400 stage, however the sample might want to break first and a minimum of put value above 14075. There may be nonetheless danger of a roll-over which results in a pullback to the 200-day or worse.
GBP/JPY Every day Chart (symmetrical triangle)
NZD/JPY is up in opposition to a fairly critical stage of resistance across the 6950-area. It’s a reasonably precise stage as despite the fact that it spans a…