EUR/USD Remains Flat: What’s Next?
Good day!
EUR/USD approached the level 1.1096 and pulled back down from it forming a shooting star. We assume that single currency may drop till the level of 1.0989:
The British currency managed to break the range, therefore this asset’s price might potentially get back to the level of 1.2975, pull back from it and approach the level of 1.3200:
The price of New Zealand dollar broke the neckline of inverse head and shoulders. Hence, it is most likely to jump on its way back to the broken orange area. The asset’s price can potentially reach the level of 0.6700:
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Disclaimer: The material provided is for information purposes only and should not be considered as investment advice. The views, information, or opinions expressed in the text belong solely to the author, and not to the author’s employer, organization, committee or other group or individual or company.
Past performance is not indicative of future results.
High Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% and 75% of retail investor accounts lose money when trading CFDs with Tickmill UK Ltd and Tickmill Europe Ltd respectively. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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