We have found that 1.20 is a strong resistance for EURUSD and for December we are expecting for a tax cut and a potential interest rate hike for the USD, so it's gonna be a hard month for EUR.
Now on graphics, I'm watching a little divergence in the 4hr chart, it may mean nothing at this time but if you start looking at daily and Weekly chart you're gonna find...
NZDUSD has been trying to break the downtrend again, this time it has reached a point above 0.69 price line (previous resistance) but it's starting to show a divergence so it's probably going to test the 0.68 support zone again but we need to wait for the divergence to complete and RSI to start dropping below overbought line before we can jump in.
We are in a bullish market in cryptos but some of them are already starting to show some signals of an overbought market as it is the case for ETC. So I think that there will be room for a retracement on ETC before it continues going up. Here is my Idea, as $20 is a rounded number we can start to consider it as the Resistance zone but there's a previous High...
NZD is clearly in a down trend but in previous days it has tried to push and break the 0.69 barrier but its momentum is losing force so it looks like USD is going to continue pushing down side the price to test the 0.68 line.
The annual trend line has been bearish and last week GBP got kicked by Brexit negotiations and May's speech, so we're seeing a weak GBP against EUR/USD/CAD. This is time for a short to test the support on 1.61 area.
