EUR/USD downside outlookEUR/USD moves somehow sideways in the short term but its downside bias remains intact. As you can see on the H4 chart, the pair is located below the downtrend line, so it could resume its drop anytime.The lower low of 1.1687 is seen as a downside obstacle, a support level....
USD/JPY rallied and resumed its upside journey because the Dollar Index has jumped higher as well. On the other hand, the Japanese yen is still weak as the Nikkei (JP225) stays higher. The pair has confirmed its Double Bottom pattern in yesterday's trading session, so the current rally is...
Let's takea look at the technical picture of GBP/USD, USD/CHF, EUR/CHF, USDX and BitcoinThe material has been provided by InstaForex Company - www.instaforex.com
GBP/JPY made a new low for red wave ii at 149.10. It is holding above the low of red wave i at 148.46. It may continue to do so, as we will be looking for a break above minor resistance at 151.00 and more importantly a break above resistance at 151.93. If so, it will confirm that red wave ii has...
