EUR/JPY: on the way up
EUR/JPY is likely to move further within an uptrend. Look for the break out above 121.55!
EUR/USD: short-term trade idea
Information is not investment advice
On the H1, you can see that EUR/USD formed an inverted “Head and Shoulders” pattern. As long as the price is above the neckline and the 50-week MA in the 1.1178 area, it will retain the chance to get up to the 1.1215/40 area. The slide below 1.1170 can lead to a correction to the lower levels in the 1.1145 and 1/1125 areas. Still, the uptrend since the end of November is still in place, so buying is potentially a less risky and more profitable option.
Elizabeth Belugina
Similar
Will GBP/CHF use its chance?
GBP/CHF formed a "bullish engulfing" candlestick on the W1. On smaller timeframes, we see a higher low that makes the price action resemble an “Inverse Head and Shoulders” pattern.
How to trade XAU/USD?
It’s simply the question of time before gold price gets to the higher levels…
Popular
USD/CAD: Canadian positive data vs US negative data
The Canadian employment change has been published together with the US PPI. Don't miss the best chance of this week!
Gold surpassed $1 800. Will it set new record?
Yellow metal has become the best performing asset during the coronavirus. Some analysts foresee it will reach $2 000.
EUR/JPY: on the way up
EUR/JPY is likely to move further within an uptrend. Look for the break out above 121.55!
Choose your payment system
