Fresh ideas
Tag - eur
On H4, we can see that the pair fixed below the line connecting the lows of April and May in the area of 1.1180.
There's a 'V-Bottom' pattern, which led to the current upward price movement…
It seems that EUR/GBP has finally broken out of the range within which it was trading in March and April.
Trade ideas for May 15
AUD/CAD, EUR/CAD, and GBP/CHF are on the arena.
For 3 weeks in a row, EUR/CHF tried to close above the resistance line connecting October and February highs and failed.
It's likely that the market is going to test the 34 Moving Average in the short term...
We've got a bearish 'Thorn', so the market is likely going to test the nearest support 0.8543 - 0.8556 in the short term...
Recent European economic data seemed to bring optimism to the euro area.
It looks like the euro is vulnerable to further declines versus the Japanese yen.
Although EUR/USD has recently tested levels just above 1.11, buyers didn’t let the euro fall lower.