EUR/JPY: 123.70 awaits
EUR/JPY rebounded from the 123.00 level on the H4. The pair formed a “piercing line” pattern.
EUR/NZD has a chance to get higher
Information is not investment advice
This month EUR/NZD broke the downtrend resistance line which had been in place since the start of January. The pair also got above the 38.2% Fibonacci retracement of the January-March decline. This level at 1.6635 is now acting as support together with the 100-day MA at 1.6658. Resistance lies at the 50% Fibo at 1.6740. The advance above this level will bring EUR/NZD to 1.6850 and potentially to 1.7000.
Elizabeth Belugina
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