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The EUR/USD is getting comfortable in a range, but it may not stay that way. When the pair chooses a direction, it may be to the upside. The Technical Confluences Indicator shows that the EUR/USD has lots of support on the downside and not so much resistance to the upside. There is a definite congestion of support [...]
The post When EUR/USD chooses a direction, there is a better chance that it goes to the upside appeared first on Forex Crunch.
The EUR/USD is rising for the fourth day, buoyed by a positive market mood and mixed messages from the ECB. A speech by Draghi, US inflation, and the FOMC minutes promise further action. The technical picture has improved but there are reasons to question the rally. The EUR/USD is trading around $1.2370, up some 0.15% [...]
The post Can the euro extend its gains or is it only temporary? appeared first on Forex Crunch.
AUDNZD has been having a strong Bearish trend on the Daily chart. The pair produced two corrective H4 candles today. The current candle seems to be a strong Bearish candle so far. As it seems, it has been trying to make a breakout towards the downside. If we have the breakout, then an H1 Bearish Engulfing Candle right at the breakout level, later on, would be the signal to sell the pair. Let us have a look at the H4 AUDNZD chart.
AUDNZD Price Action Analysis – 11th April 2018
Have a look at this chart. The price has kept making lower lows. The current candle seems that it has been trying to make a breakout at the level of 1.05185. If this current H4 candle finishes below this level, then the sellers would wait for an H1 Bearish Engulfing Candle at the time of correction to sell the pair. Let us have a look at the summary of the trade…
The AUD had one early in the morning. For the rest of the day, none of the currency of this pair has any high impact news event. Thus, if the breakout takes place, we can assume that the pair would run very technically and offer us the entry. If things go accordingly, then we would not have to that long to achieve the target. Keep your eyes on the pair closely. Most probably, the signal would come at or after the New York open today.
The post AUDNZD Price Action Analysis – 11th April 2018 appeared first on Advanced Forex Strategies.
EUR/USD advanced on hawkish comments by Nowotny and held onto its gains despite the ECB disowning them. What’s next? Here is their view, courtesy of eFXnews: ING Research discusses EUR outlook and maintains a structural bullish bias targeting EUR/USD at 1.25 in Q2, 1.28 in Q3, and 1.30 by year-end. EUR received a lift from an upbeat [...]
The post EUR/USD: ECB-Led M-Term EUR Upside Intact; Where To Target? – ING appeared first on Forex Crunch.