EUR/USD remains flat: what’s next?

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EUR/USD approached the level 1.1096 and pulled back down from it forming a shooting star. We assume that single currency may drop till the level of 1.0989:

The British currency managed to break the range, therefore this asset’s price might potentially get back to the level of 1.2975, pull back from it and approach the level of 1.3200:

The price of New Zealand dollar broke the neckline of inverse head and shoulders. Hence, it is most likely to jump on its way back to the broken orange area. The asset’s price can potentially reach the level of 0.6700:

Disclaimer: The material provided is for information purposes only and should not be considered as investment advice. The views, information, or opinions expressed in the text belong solely to the author, and not to the author’s employer, organization, committee or other group or individual or company.

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