EUR/NZD is trading in the green at the time of writing at 1.6701 level below 1.6705 static resistance. It stands below a strong resistance area, making a valid breakout could bring new long opportunities. Euro is strong also after the German PPI registered a 1.5% growth versus 0.8% expected and …
USD/MXN Downside Seems Limited!
USD/MXN moves sideways in the short term. The price action has developed a triangle pattern. Escaping from this formation could announce a potential reversal. Technically, the pair could turn to the upside but the pair will be moved by the fundamental factors. The United States Retail Sales and …
USD/CHF Needs A Bullish Spark!
USD/CHF dropped a little after reaching a resistance zone, but the outlook is still bullish. The pair slipped lower only because the Dollar Index has retreated after reaching a static resistance. Technically, the DXY has found support and now it tries to grow. We have a strong positive …
