Technical analysis of EURUSD
NZD/USD: 'Pennant' pushed market lower
Information is not investment advice
The last 'Pennant' pushed the market lower. There's a 'Thorn' pattern, which is likely going to be confirmed soon. In this case, we should watch the nearest resistance at 0.6644 - 0.6666 as a potential bullish target. If a pullback from this area happens little later on, bears will probably try to achieve another support at 0.6600 - 0.6587.
EUR/USD spiked down to the September low in the 1.0930 but failed to stay there and closed around 1.1060 on Thursday.
When looking for pairs to trade to benefit from today’s meeting of the European Central Bank, pay attention to EUR/NZD
CHF/JPY formed a “bullish engulfing” pattern on the W1.