EUR/USD Technical Analysis

The pair is forming an inverted head and shoulders pattern.

Technical Analysis
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EUR/USD Technical Analysis

The strength of the dollar has weakened and the dollar index began to depart from the highs achieved last week, dropping to the mark of 95.00.

The current EU figures show positive dynamics and support the USD. Our pair also left the minimum annual values and shows growth. At the moment, the movement has slowed and we are seeing a local correction in the pair.

On the chart we can notice that the pair is forming the inverted head and shoulders pattern, so we suppose that a second shoulder is being formed now and then an upward movement will begin.

Technical indicators point to sales, so we advise you to wait for the shoulder formation to be completed and look for points to enter long positions. A turnaround is possible from the marks of 1.1540 or 1.1500.

SuperForex
AUD/CAD: Review & Forecast

Technical Analysis

AUD/CAD: Review & Forecast

The CAD is still the currency with the most potential against the AUD. The price correction is over, so the deals on the trend will be the most effective.

SuperForex
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GBP/USD Technical analysis

Technical Analysis

GBP/USD Technical analysis

The pair is turning.

SuperForex
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EUR/USD Technical Analysis & Daily Chart

Technical Analysis

EUR/USD Technical Analysis & Daily Chart

The pair will begin a decline again, so we can sell it now.

SuperForex
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