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EUR/USD Made A Significant Downswing On Thursday

Published 03/31/2017, 07:38 AM
Updated 05/14/2017, 06:45 AM

All pairs continue movements expected by us in our previous analysis.

EUR/USD made a significant downswing on Thursday but this stopped today and it looks like this instrument is ready for a bullish correction. First important resistance is at 1.0712.

AUD/NZD is about to make the fourth bullish day in a row and this is probably not the end. Sentiment in the long term stays positive. High chance for a local correction though.

EUR/AUD broke the bullish line connecting recent higher lows. That makes the previous sell signal stronger but here there is also a chance for a bullish correction. The closest resistance is 1.4050.

USD/PLN is about to make a nice hammer on the W1 bouncing from the up trendline. That is definitely a positive environment for the buyers.

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