Fundamental: -The European Central Bank has left rates unchanged as expected. -ECB President Lagarde has been cautious in her press conference. -The ECB's reluctance to cheer recent developments leaves EUR/USD exposed. (Source: fxstreet.com) Technical: -Price broke Up trend channel -Head shoulder pattern -Price broke neckline -Possible pullback before a new rally
NZDJPY may fall after breakout of up trend channel and pullback on this channel
Possible scenerario. The price could bounce on 1.11441 before reach a new target at 1.13276
Yesterday price broke an upper trend-line in ascending triangle whose height is between 106.800 and 109.650. Now we can hope a generous pullback on 108.975 level (according to Fibonacci level) before price reach the theoretical target 106.800
Yesterday price broke an upper trend-line in ascending triangle whose height is between 106.800 and 109.650. Now we can hope a generous pullback on 109.200 level before price reach the theoretical target 106.800