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Tech Targets: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY

EUR/USD: Neutral: Odds for a move above 1.0870/75 are not high. The 1.0825/30 level that we have talked about since Thursday was finally met with an overnight high of 1.0825. Shorter-term upward momentum is slowing down and while a move above 1.0825/30 would not be surprising, the odds for a…

Tech Targets: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY

EUR/USD: Neutral: Odds for a move above 1.0870/75 are not high. The 1.0825/30 level that we have talked about since Thursday was finally met with an overnight high of 1.0825. Shorter-term upward momentum is slowing down and while a move above 1.0825/30 would not be surprising, the odds for a…

Tech Targets: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY

EUR/USD: Neutral: Odds for a move above 1.0870/75 are not high. The 1.0825/30 level that we have talked about since Thursday was finally met with an overnight high of 1.0825. Shorter-term upward momentum is slowing down and while a move above 1.0825/30 would not be surprising, the odds for a…

XAU/USD

XAU/USD has now rallied to a prominent level of resistance, one should expect bearish reaction towards price levels 1252.00 area given the lateral support as well. Also considering that the market is overbought. Those with long trades may consider protecting their profits thus far by moving stop losses into profit…

USD/JPY (pending buy)

USD JPY, approaching diagonal support, and fibonacci zone area levels 50% and 61.8%. However, one may have to wait for a confirmation candle to buy. Moreover, the market is oversold.

Buy USD/CHF

One should consider buying USD/CHF as the pair has now reached a level of support. The market is oversold. One may consider waiting for the current candle to close. Or one may enter from the perspective that the market has formed a divergence on H4.

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