The EUR/USD pair rose by 35 points on Friday, with no significant news background during the day.
The EUR/USD pair rose by 35 points on Friday, with no significant news background during the day.
Bullish traders have received a strong impulse.
The Eagle indicator has reached oversold levels, and a technical rebound is likely to occur around this area. Above $87.50, we could look for opportunities to open long positions.
Our trading plan for the coming hours is to sell the euro below 1.1840. The Eagle indicator supports our bearish strategy.
The Eagle indicator is showing a positive signal, hence gold is likely to continue rising in the coming hours. Therefore, we will use this technical analysis to buy above the 21 SMA at $4,792 or above $4,760, as both levels offer a positive outlook for gold in the coming hours.
NZD/USD: The RBNZ's hawkish rhetoric (markets price in 75 basis points of tightening by year-end) and strong data from China (GDP growth 5.0%) support the kiwi, while persistent risks in the Strait of Hormuz and uncertainty around US-Iran talks push investors into the dollar as a safe haven.
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The pound is losing ground, despite a fairly strong UK GDP report. But, under the current circumstances, any trading decisions on the GBP/USD pair look equally risky.
Technical analysis of EUR/USD, USD/JPY, GBP/USD, SP500, Gold, Oil and Bitcoin
The ECB will hardly change interest rates now