Technical analysis of EURUSD
NZD/USD: 'V-Bottom' pushing price higher
Information is not investment advice
There's a 'V-Bottom', which pushed the price higher, so the trendline turned out to be broken. It's likely to have a local downward correction in the coming hours. In this case, we should watch the nearest support at 0.6524 as a potential target for another advance towards the next resistance at 0.6572 - 0.6581.
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.