Familiar to EURAUD, EURNZD is close to its support zone 1.7227-1.7248.
Consider about this potential reverse head-shoulders pattern, I prefer to buy euraud and eurnzd.
The targets for this symbol would be around 1.77 and 1.805.
As we can see, EURAUD has reached the target I forecast at an earlier idea.
Here it comes to a mixed support zone which formed by both channel bottom and horizon support. We can try a long position here if there some green candles follows at 1h chart, the target would be 1.672.
If it drops below and break this support and the fommer one bottom around 1.605, it...
As we can see, USDCHF has met a support formed by its major trend which shown on the daily chart from 24, Apr, 19.
It may side way for some days (or several weeks), then it has a potential to go up to 0.970-0.976 and formed the reverse head-shoulders pattern. After that it may going up further more.
We better pay some attention on this symbol and monitor if...
EURAUD is facing its resistance here.
If it fails to break up and close with some red bar at 1h chart, it may continuous going down and form a head-shoulders pattern.
The final target would be around 1.6127-1.613.