EUR/USD: 'Harami' led to decline
There's no any reversal pattern so far. In this case, after a short break, the price is likely going to test the lower 'Window'...
EUR/CAD reversed from resistance zone
- EUR/CAD reversed from resistance zone
- Next sell targets - 1.4240 and 1.4160
EUR/CAD recently reversed down from the resistance zone lying between the resistance level 1.4600 (which was set as the buy target in our earlier forecast for this currency pair), upper daily Bollinger Band and the 51% Fibonacci correction of the sharp downward impulse wave (1) from last November. The downward reversal from this resistance zone created the daily Japanese candlesticks reversal pattern Bearish Engulfing.
EUR/CAD is expected to fall to the next sell target at the support level 1.4240 (low of the pervious B-wave) – the breakout of which can lead to further losses toward 1.4160.
_1200x1200_q90v3.png)
Dmitry Chernovolov
Similar
GBP/USD: market plunged because of 'V-Top'
The main intraday target is the next support at 1.2830 - 1.2796. A pullback from this area could lead to an upward correction towards...
EUR/USD: bullish 'Hammer' pattern
The pair is likely going to reach the nearest resistance at 1.1386. If a pullback from this level happens next, bears will probably try to test...
Latest news
GBP/USD: confirmed "Thorn" pattern
The last "Pennant" pattern has been broken, so bulls found resistance at 1.2915. Nevertheless, the market is likely going to move on, so we should...
USD/CHF: time to correct?
USD/CHF remains weak across the board and stays strong with a bearish consolidation below the 200 SMA at H1 chart…
EUR/USD: "Tweezers" on 34 Moving Average
There's no any reversal pattern so far, so the market is likely going to test the nearest resistance area in the short term...
Deposit with your local payment systems
