AUD/NZD is making movements to the downside which are hard to ignore.
EUR/GBP: bulls ordered a crab
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%.
USD/CHF may test lower levels this week as long as it keeps trading below the resistance at 1.01.
The pair is greatly influenced by the constant changes in global risk sentiment as well as the policy of the central banks.
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 remains weak across the board and stays strong with a bearish consolidation below the 200 SMA at H1 chart…
There's no any reversal pattern so far, so the market is likely going to test the nearest resistance area in the short term...