Weekly Trades: EUR/USD, EUR/NZD, NZD/USD

Brian Twomey Brian's Investment

EUR/USD and EUR pairs are again on the move for the 4th week running and we’ll trade it once more. EUR/NZD’s price is low and oversold while NZD/USD is high and overbought. As usual, we trade continuously for all pairs to profit and maximize all pips.

EUR/USD

Short 1.1338 and 1.1366 to target 1.1198.

Short below 1.1171 to target 1.1058.

Long 1.1058 to target 1.1135.

Long 1.1198 to target 1.1254

EUR/NZD

Long 1.7144 and 1.7124 to target 1.7324. .

Long above 1.7444 to target 1.7524.

Short 1.7324 to target 1.7264

NZD/USD

Short 0.6592 and 0.6607 to target 0.6421.

Short below 0.6407 to target 0.6351.

Long 0.6351 to target 0.6379

Long 0.6421 to target 0.6493

Author

Brian Twomey

Brian's Investment

Brian Twomey is an independent trader and a prolific writer on trading, having authored over sixty articles in Technical Analysis of Stocks & Commodities and Investopedia.

EUR/USD turns negative near 1.1850

EUR/USD has given up its earlier intraday gains on Thursday and is now struggling to hold above the 1.1850 area. The US Dollar is finding renewed support from a pick-up in risk aversion, while fresh market chatter suggesting Russia could be considering a return to the US Dollar system is also lending the Greenback an extra boost.

GBP/USD change course, nears 1.3600

GBP/USD gives away its daily gains and recedes toward the low-1.3600s on Thursday. Indeed, Cable now struggles to regain some upside traction on the back of the sudden bout of buying interest in the Greenback. In the meantime, investors continue to assess a string of underwhelming UK data releases released earlier in the day.