EUR/USD jumps above 1.1250

Note: This section contains information in English only.
Source: Dukascopy Bank SA
The EUR/USD has passed the resistance of a dominant descending pattern on the hourly candle chart. This occurred in a sharp surge, which began after the rate broke short term resistance.  

Take into account that to properly observe the dominant pattern one needs to zoom out and load previous price info. In that way the reference points are set properly.

Meanwhile, from a fundamental perspective the surge was caused by rumors of an upcoming Federal Reserve rate cut. 

In regards to the short term future, from technical theory perspective the rate could surge, if it passes the resistance of a pivot point at 1.1266.  

On the other hand, after a sharp move like the one experienced on Monday, the rate should trade sideways or decline to consolidate its new price.
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Actual Topics

Tue, 04 Jun 2019 11:28:58 GMT

GBP/USD breaks resistance

The GBP/USD has surged above the technical resistance cluster, which was located near 1.2650. Namely, a pivot point and the 200-hour simple moving average were broken. 

Tue, 04 Jun 2019 09:19:44 GMT

NZD/USD might decline today

The New Zealand Dollar appreciated about 61 base points against the US Dollar on Monday. The currency pair revealed a new junior ascending channel pattern at the end of yesterday's trading session.

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