EUR/USD pushed up from support
EUR/USD spiked down to the September low in the 1.0930 but failed to stay there and closed around 1.1060 on Thursday.
EUR/AUD tries to form a top
Information is not investment advice
Last week EUR/AUD tested the highest levels since 2009 at 1.6780, but failed to hold there and closed at 1.65 forming a candlestick with a long upper shadow on W1. The pair may form a “Head and Shoulders” and travel significantly lower. However, for now, we don’t see the evidence yet that EUR/AUD formed a second shoulder. A break above 1.6550 (38.2% Fibo of the August 7-9 decline) may lead it to 1.6590 (50% Fibo). The decline below 1.6480 is needed to open the way down to 1.6420. Finally, only the fall below 1.6380 will confirm a top and open the way down to 1.6255.
Elizabeth Belugina
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EUR/USD pushed up from support
EUR/USD spiked down to the September low in the 1.0930 but failed to stay there and closed around 1.1060 on Thursday.
EUR/NZD: the opportunity is still here
When looking for pairs to trade to benefit from today’s meeting of the European Central Bank, pay attention to EUR/NZD
CHF/JPY has some potential
CHF/JPY formed a “bullish engulfing” pattern on the W1.
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