USD weaker ahead of Yellen & Draghi

Published 08/25/2017, 07:31 AM
EUR/USD
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GBP/USD
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NZD/USD
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As we are waiting for the Janet Yellen and Mario Draghi to speak, we prepared for You three interesting trading setups. Those are the same as yesterday so GBPUSD, EURUSD and NZDUSD, mainly because those instruments traded as expected and we can still see a potential for the continuation.


GBPUSD is on the highest levels since Tuesday and is aiming a mid-term down trendline and a horizontal resistance on the 1.2845. Inverse Head and Shoulders formation can support a potential bullish breakout here.


EURUSD broke the upper line of the short-term flag and went to test the 1.183 resistance. Pressure on the 1.183 is rising. Chances for a breakout too.


NZDUSD is trying to break the 0,722 support but after few attempts, sellers cannot claim the victory. Bullish reversal in the mid-term can be supported by a small iH&S formation, which developed this week.

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