FX Price Action Watch: AUD/USD, EUR/USD, EUR/NZD, NZD/USD
Price Action Tracker | Jul 25, 2016 02:47AM ET
In this week's market analysis, we will look at potential trading opportunities and zones where we should look for price action, evidence and potential moves.
Pairs and markets analyzed this week: AUD/USD, EUR/NZD, EUR/USD, NZD/USD.
AUD/USD: Price approaching a support zone
AUD/USD price is approaching a support zone at 0.735-0.738. Watch out for bullish price action and a potential move to the upside from this major zone.
EUR/NZD: Engulfing reversal price action at resistance zone
EUR/NZD has an engulfing reversal price action at resistance zone 1.58-1.59. Potential move to the downside from this zone.
EUR/USD: Still going short after nice bearish price action
As mentioned last week , we went short on a nice pinbar. We are still aiming for 1.087 target (2.86 risk / reward).
NZD/USD: Potential move to the upside 3.5-1 R/R
We mentioned this support zone last week. NZD/USD pinbar price action at resistance zone 0.696-0.7. Potential move to the upside from this zone. 0.70255 Would be a good entry point to go long
Disclaimer: This is educational and general information only (not advice or a recommendation).
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