GBP is the Past, It is Time for the EUR to Shine

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Updated: Apr 19, 2017, 11:46 UTC

EURUSD defended the lower line of the wedge and broke the mid-term horizontal resistance. This creates a mid-term buy signal on this pair.

GBP is the Past, It is Time for the EUR to Shine

GBP was the story for yesterday and the path shown on our previous Trading Sniper is happening right now. Time to move on and see few interesting situations on pairs with the EUR, which can be influenced by the forthcoming elections in France.
EUR/USD defended the lower line of the wedge and broke the mid-term horizontal resistance. This creates a mid-term buy signal on this pair.

EUR/JPY is retracing the recent strong downswing, which happened after the the price managed to break the lower line of the huge flag. We broke two important resistances and we are 80 pips from the place where everything should be clear. The price action there will be crucial and can provide us a good long-term trading signal.
EUR/AUD is having a typical surge which usually happens after the false bearish breakouts. If we will be able to close the day above the long-term down trendline that will be an important win for the demand camp and an invitation for a longer upswing.

About the Author

Tomasz Wiśniewskicontributor

During his career, Tomasz has held over 400 webinars, live seminars and lectures across Poland. He is also an academic lecturer at Kozminski University. In his previous work, Tomasz initiated live trading programs, where he traded on real accounts, showing his transactions, providing signals and special webinars for his clients.