Trade setups for AUD/JPY
It’s worth paying attention to AUD/JPY. The pair has approached the resistance line connecting April and May highs.
EUR/USD rebounded from support
Information is not investment advice
EUR/USD recovered from the March-April support line and formed a “Piercing line” candlestick pattern on the D1. The pattern appeared at the support area of 1.0800/1.0770. As a result, there are reasons to expect that EUR/USD will test higher levels, especially if the US Nonfarm Payrolls are in line with the forecast or worse. On the H4, we see that Moving Averages represent obstacles on the upside at 1.0853, 1.0870 and 1.0885. Still, EUR/USD will be capable of the move up as long as it stays above 1.0815. The break below the latter, will once again lead the price down to 1.0770.
Trade idea for EUR/USD
BUY 1.0855; TP1 1.0885, TP2 1.0925; SL 1.0840
SELL 1.0810; TP 1.0770; SL 1.0825
Elizabeth Belugina
Similar
How to trade EUR/GBP?
The way EUR/GBP bottomed around 0.8700, then rose above 0.8870 and jumped from the trendline support at 0.8910 shows that the pair possesses bullish momentum.
EUR/JPY: do you see the pattern?
There’s still scope EUR/JPY to rise towards the 118.70/119.85 area, where a reversal to the downside should take place.
Popular
DAX30: steady for now?
What moves the German index?
USD/CAD surged on failing oil and risk-off sentiment
The Canadian dollar broke out through the 1.40 psychological mark. What’s the reason?
Tips for trading gold
How to trade gold in 2020?
Choose your payment system
