USD/CAD : falls after jobs report but runs into wall of USD buying
Ichimoku Kinko Hyo CAD/JPY: The pair is trading above the cloud…
EUR/USD: a mirror downwards?
Information is not investment advice
After reaching 1.2170 at the beginning of the week, EUR/USD corrected downwards and has been in a fluctuating consolidation below that level. Technically, 1.2170-1.2180 is the resistance channel that saw the currency pair come there a week ago. Before that, the last time EUR/USD was that high was in only December 2017 – February 2018. That means this resistance area is very strong and tactically important. It may send EUR/USD downwards to the support of 1.2060, but 1.21 would need to be crossed first. Even if EUR/USD eventually goes upwards to march at 1.22, this downward correction is possible just from a technical “fairness”. The likelihood of a downward scenario increases if Brexit turns out to be a no-deal. So watch Brexit, and watch EUR/USD against the resistance area 1.2170-1.2180 – a bounce off is very possible.
Gaspar Markosyan
Similar
Stocks: Q1'2021 earnings reports coming!
What are the first stocks that'll see their quarterly reports out? Let's check them out and prepare for some moves in the stock market!
EUR/GBP: looks to extend upside push towards 0.8700.
Ichimoku Kinko Hyo USD/JPY: The pair is trading above the cloud…
Popular
Stocks that benefit from chip shortage
Stocks of tech and auto sectors are in the focus of traders these days due to the global chip shortage. Let’s find out what is going on with chips and why it’s important for traders.
USD/CAD : falls after jobs report but runs into wall of USD buying
Ichimoku Kinko Hyo CAD/JPY: The pair is trading above the cloud…
Stocks: Q1'2021 earnings reports coming!
What are the first stocks that'll see their quarterly reports out? Let's check them out and prepare for some moves in the stock market!
Choose your payment system
