By: Investija
EUR/USD pair is locked up between support/resistance levels. At current situation, bears have strong potential to decline the price and plunge below support barrier at 1.3568. Look for selling possibilities just below support line.
Recent bullish movement just before the gap was formed was confident. However after reaching new highs in short term, bears have declined the price and formed a significant support barrier at 1.3568.
Waiting action is better option for now while a breakout at support is not confirmed yet.
AUD/JPY- Bullish First Recovery Signs
Even though bears did manage to breakout at support level of 85.78, sharp bullish movement to the upside showed their first recovery signs. At the moment, bulls have enough strength to climb back to 87.42 and test resistance barrier. Waiting action holds, consolidation is expected.
