Technical analysis of EURUSD
NZD/USD: second 'V-Top' pattern in a row
Information is not investment advice
There's the second 'V-Top' pattern in a row, so the price is consolidating. It's likely that the market is going to reach the nearest support at 0.6872 and the Moving Averages in the short term. If a pullback from these levels happens next, there'll be a green light for another bullish rally towards the previously tested resistance at 0.6937 - 0.6941.
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.