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We need to wait for more data before we can open a position.
Today we would take a look at the EUR/USD currency pair. After dropping significantly last week, the euro made a recovery over the weekend and the price of the pair is currently rising.
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https://superforex.com/additionalimages/25-06-2018/724ec19d-6a8b-4ac3-b84a-5e4681eb8927.png

EUR/USD Technical Analysis

The pair has found a resistance level.
At the beginning of today's trading session the dollar index found a support level at around 93.85, after which it began to grow. The dollar showed a weakening despite the release of positive data on the housing market in the US.
More information see here
https://superforex.com/additionalimages/26-06-2018/eur-usd-technical-analysis-260618-0.jpg

Investors prefer other safe assets at the moment. However, the situation can change with the development of the trade conflict. The deals to BUY seem the most effective in the medium and long term.
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https://superforex.com/additionalimages/27-06-2018/gold-xau-usd-review-forecast-0.png

The pair created a new wave.
Despite the likelihood of complications in trade relations between the US and its allies, the reserve currency continues to rise.
Macroeconomic data from the EU does not yet allow us to change the trend of our pair.
More information see here


https://superforex.com/additionalimages/28-06-2018/eur-usd-technical-analysis-280618-0.jpg

The Asian country is warming relations with its neighbors while the US is busy alienating allies.
Over the past couple of months international news has been dominated by the trade dispute between the United States and China. The Asian country, known for its cheap labor, large market, and the ubiquitous label “Made in China”
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Today we expect the pair to be bullish and we have strong buy opportunities.
Today we would take a look at the EUR/USD currency pair. July has been good to the euro, as the single currency was able to make steady gains over the past week.
More information see here


https://superforex.com/additionalimages/09-07-2018/724ec19d-6a8b-4ac3-b84a-5e4681eb8927.png

The pair has found a resistance level.

At the moment we observe a strong weakening of the reserve currency and our pair is moving down. We can assume that against the background of global news and trade wars, the US dollar will continue its decline. However, our pair has found a resistance level and suspended the upward movement.
More information see here


https://superforex.com/additionalimages/10-07-2018/aud-usd-technical-analysis-100718-0.jpg

CAD/JPY Fundamental Review & Forecast

There's a high probability of a rate increase by the Bank of Canada today. The deals to BUY seem the most effective in the near future.
The rates are in the mode of extremely high volatility due to multidirectional macroeconomic statistics, as well as tension because of the trade war. The market is still afraid of the development of trade war and reacts to any news.
More information see here


https://superforex.com/additionalimages/11-07-2018/cad-jpy-fundamental-review-forecast-110718-01.png

The pair is headed down.
Despite the macroeconomic data released on Wednesday from the US, we are currently seeing that the dollar index has stopped its decline and is trying to win back the positions lost earlier.
More information see here


https://superforex.com/additionalimages/12-07-2018/gbp-usd-technical-analysis-120718-0.jpg

What could the consequences be if the United States takes its argument with the EU any further?
With the United States and China being number 1 and number 2 of the world’s biggest economies respectively, much of the trade war discourse has focused on those two countries.
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