USD/CAD has made an immense move to the downside on Tuesday falling by about 200 pips.
EUR/GBP: a good chance for the euro
TP1 0.891 TP2 0.8955 TP3 0.8965
On the daily chart of EUR/GBP, the long-term consolidation within 0.87-0.902 is continuing. The pair will keep falling and will reach the 161.8% target of the AB=CD pattern if only it breaks the support at 0.87.
On H1, to reach targets of the “Wolfe waves” patterns, the pair needs to break the resistance at 0.882 and reach targets of the “Bat” pattern. Its 88.6% target is near 0.8965.
Last week NZD/USD once again met resistance in the 0.6155 area. As you can see from the chart, this area stopped the pair twice before within the recent month.
It’s worth paying attention to AUD/JPY. The pair has approached the resistance line connecting April and May highs.
There has been some movement in the EUR/USD chart. What's happening?
There was a notable reversal in the stock market on Wednesday. Have you noticed the reversal chart patterns?
The US-China relations are getting more tensed over Hong-Kong. How does that affect the USD?