EUR/AUD reversed from resistance zone Next sell target - 1…
Daily Market Analysis
The price met with the nearest resistance and we don’t have any bullish pattern so far.
Bulls found a resistance at 1.2438, so the price is consolidating. In this case, the pair is likely going to test the nearest support.
Trade scenarios for EUR/USD and GBP/USD based on key option levels.
On the EUR/USD daily chart, there is a struggle for the area near the neckline of the "Head and shoulders" inverted pattern…
The 34 Moving Average acted as a support, so the price is consolidating. Nevertheless, the market is likely going to test the next support.
AUD/CAD reversed from support zone Next buy target - 1…
EUR/USD reached buy target 1…
We’ve got a local bearish “Harami”, which has been confirmed enough, so the current downward correction is likely going to be continued.
Monday’s “Window” has been closed by the last bearish candles, so the price reached the lower “Window”.
Trade scenarios for EUR/USD, AUD/USD and USD/CAD based on key option levels.
The last “Double Top” pushed the price to a support at 1.2382. At the same time, bears are likely going to test the next support at 1.2347 – 1.2323 in the short term.