Finally we do have a decision on the EUR/USD! After few days of waiting, the price decided to break the upper line of the sideways trend. Actually, EUR/USD broke three important resistances in one movement: dynamic down trendline, 1.172 and 1.174. The buy signal is on and we should continue this rise in the nearest future!
S&P 500 also surged but here, it meant the new all time highs! Everything started with a V-shape reversal from the up trendline – a typical movement for the American traders. After this, the price used the momentum to break the dynamic and horizontal resistances. I am sure that this is not the last time that we are having new all time highs here.
GBP/NZD finally went deeper. Currently we are testing the 38,2% Fibonacci but there is a chance that we will go even lower – to the 50%. Any bullish reversal pattern there will be a great buying opportunity.