Yesterday, there was a lot going on the markets. The ECB conference, which resulted in a sharp euro appreciation. The result is that, some currency pairs sentiment changed. Let’s begin today’s review:
AUD/NZD:
Cross is still testing the resistance. Today it broke it and rebounded from 21 EMA. Bayme it will finally return to the downward trend. Worth looking for clear price action sell signals.
EUR/JPY:
Yesterday morning, the situation in the Euro to Yen was rather controlled by the bears. However, the sudden upward movement is changing attitudes towards the EUR/JPY. Currently, it is worth looking only for long positions in the case of correction to the support.
EUR/USD:
Eurodollar defeated the key resistance and more importantnly, the daily candle closed above. There are just about 20 pips missing to overcome the maximum for December. What is very important, the currency pair is near the downward trend line from the monthly chart. If the break up will be successful it could mean a long upward trend and reaching the vicinity of 1.5000.
GBP/CHF:
Cross is testing the support zone once again. It is worth to observe it and use clear buys signals to open long positions. However, if the break here will be also successful, then the sentiment will turn to downward one.
USD/JPY:
Two weaklings in one place. Still, one of them (Jen) appears to be weaker than the other one. Price is above the resistance (now support) and you can look for price action signals.
