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.
GBP/USD: picture has worsened
Information is not investment advice
GBP/USD turned down from the levels around 1.3015 this week and fell below the 100- and 200-day MAs in the 1.2960 area. The pair is currently testing the 50% Fibo level at 1.2900. The decline below this point will open the way down to 61.8% Fibo at 1.2785.
On the one hand, daily Moving Averages are horizontal, and technically the bearish momentum is not that big. There’s a chance that the pair may try to retest 1.2960/1.30, where it will surely meet further resistance. That may happen if the US durable goods due later today and GDP growth due on Friday disappoint. On the other hand, if the American figures turn out to be strong, GBP/USD will break below the support.
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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