EURUSD reversed
sharply lower yesterday from 1.3200, clearly in impulsive fashion beneath
rising trend-line from 1.2745 and as well as wave B) swing low. This is a very
clear bearish price action that should send prices even lower in minimum three
waves, possibly to 1.2900/1.2950 in the next few trading days. Meanwhile pair
must not get back above 1.3200 critical level but could see a pull-back to
1.3110 where broken trend-line may become a resistance.
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USDCHF Technical Analysis - Sell at 0.9955
USDCHF made a nice bull move from 0.9716 to 0.9990. Then USDCHF drops from over bought zone. USDCHF is trading below its 20 period MA on 4h ...
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Our pivot point is at 6.526. Our preference: rebound towards 6.568. Alternative scenario: below 6.526,expect 6.514 and 6.507. Comment...
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USDJPY gaped higher on Sunday and accelerated up to 99.60 area where pair found resistance around 261.8% extension of wave (iv). As suc...