EUR/JPY: uncertainties around the euro
On the daily chart of EUR/JPY, bulls and bears are fighting for the upper boundary of the downward channel.
EUR/GBP: bulls ordered a crab
Recommendation:
BUY 0.89
SL 0.8845
TP1 0.9 TP2 0.907 TP3 0.918
On the daily chart, EUR/GBP is retesting the upper border of the 0.87-0.89 consolidation range. If bulls manage to return the pair outside of it, the risks of advance to 161.8% of the “Crab” pattern will increase.
On H1, to resume the uptrend, EUR/GBP needs to get above resistance at 0.89. If this happens, bulls will manage to trigger the “Shark” pattern with targets at 88.6% and 113%.
Ivan Karamazov
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On the daily chart of EUR/USD, chances that the pair will reach targets of the “Head and Shoulders” pattern and the “Shark” pattern (88.6% target) are declining.
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