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2021/07/08 Market Analysis

Authored by TD Markets
08.07.2021
Market Analysis
0
1 min

EURCAD:


EURCAD sharply broke and closed below the 1.47177 price level for a short-term bearish leg to hit target before aggressively reversing to the upside.

EURGBP:

EURGBP aggressively rejected the resistance zone as traders were anticipating bearish continuation. Market hit the target.

EURNZD:

EURNZD sharply pushed to the downside, half way through to target and then reversed. At the moment the bearish setup is still valid as traders are keeping an eye on a possible reversal around the 61.8 fib level.
If the market aggressively brakes above the 61.8 fib level, it will possibly invalidate the bearish setup.

Authored by TD Markets
08.07.2021
Market Analysis
0
1 min

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