EURUSD recently reversed up from the support area lying between support levels 1.1280 and 1.1220 (which has been reversing the price from last August) – strengthened by the lower daily Bollinger Band.
The upward reversal from this support area created the daily Japanese candlesticks reversal pattern Hammer Doji – which started the active wave 2.
EURUSD is expected to rise further and re-test the next resistance level 1.1400 (target price for the completion of the active corrective wave 2).
- USDJPY broke key resistance level 155.00 - Likely to rise to resistance level 160.00…
- Ebay reversed from support level 49.35 - Likely to rise to resistance level 52.55…
Even though the Bank of Japan left the key rate and parameters of the QE…
Market picture Market Dynamics: The cryptocurrency market stabilised, losing just 0.1% of capitalisation and dropping to…
- GBPCAD reversed from key support level 1.6910 - Likely to rise to resistance level…
- GBPAUD reversed from support level 1.9135 - Likely to rise to resistance level 1.9360…
This website uses cookies