USD/CHF is capped by resistance
USD/CHF may test lower levels this week as long as it keeps trading below the resistance at 1.01.
EUR/GBP: bulls control the situation
Recommendation:
BUY 0.8905
SL 0.885
TP1 0.8965 TP2 0.9005 TP3 0.92
On the daily chart of EUR/GBP, after a plenty of attempts, bulls have managed to pull the pair out of the upper boundary of the 0.87-0.89 consolidation. Bulls are going to continue the upward movement to the 161.8% target of the AB=CD pattern.
On H1, there is the “Spike and reversal with acceleration” pattern. Bulls control the situation. That’s why rebounds from important support levels should be used for buying.
Ivan Karamazov
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