Gaps remain open. World stocks are at all time highs but on currency markets, traders seem asking the question; what comes next? Wasn't that surge a bit exaggerated? Is it really based on the strong fundamentals?
EURUSD still stays above two important horizontal supports - down trendline and 1.084 but we do not have higher highs and lows today so the chance for a gap closing movement has risen significantly. As long as we stay above those supports, the sentiment stays positive but buyers need to be extra careful here.
GBPUSD is still very high. Correction is very flat and is showing us that the buying pressure remains strong. Bullish continuation is very probable.
AUDNZD came back above the long-term neckline and the down trendline. In addition to that we had a bullish flag, which resulted in a breakout of the upper line. All that is positive and this sentiment should not be easily denied.