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Last week EUR/NZD tried to test levels above 1.70 but failed to hold there and ultimately closed at 1.6820, below the 100-week MA. The new week started with the euro testing levels below July low and the 50% retracement of the March-June advance at 1.6795. The next targets are 1.6677 (61.8% Fibo) and 1.65. The short-term outlook will remain negative as long as EUR/NZD is trading below 1.6900 (weekly pivot point).
When Twitter Inc. and Snap Inc. posted quarterly revenue that blew past analysts’ expectations, the results bumped up the shares of the two of their larger rivals: Facebook Inc. and Alphabet Inc.
EUR/USD managed to rise for a very short period of time right after the ECB decision to as high as 1.1798 before declining and giving away its entire gains.
US Equities bounced back again in the past two days, while the S&P500 recovered all of its declines after holding well above its 50-day MA for the fifth time this year.
What happened? Brent returned to the rising channel on Wednesday by gaining 4% during the trading session…
When Twitter Inc. and Snap Inc. posted quarterly revenue that blew past analysts’ expectations, the results bumped up the shares of the two of their larger rivals: Facebook Inc. and Alphabet Inc.
EUR/USD managed to rise for a very short period of time right after the ECB decision to as high as 1.1798 before declining and giving away its entire gains.
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