EUR/GBP: bulls return the initiative

EUR/GBP: bulls return the initiative

Recommendation:

BUY 0.8950

SL 0.8895

TP1 0.9100 TP2 0.9250

On the daily chart, the inability of bears to keep the pair below the lower border of the uptrend channel points at their weakness. To reach 88.6% target of the “shark” pattern bulls need to conquer resistance at 0.8926 and renew November low.

EURGBP1.png 

On H1, the return of EUR/GBP to the uptrend channel with the following successful test of resistance at 0.8948 will increase the risks of going to 127.2% target of the butterfly.

EURGBP2.png

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USD/CHF may rise a bit

USD/CHF formed a “hammer” candlestick on the D1. The most recent price low wasn’t confirmed by the Awesome Oscillator on this timeframe.

NZD/CHF: earning on volatility

NZD/CHF fell this week as the Swiss franc appreciated versus other currencies. However, the positive market sentiment related to the US-China trade deal helped the pair to find support in the 0.6355 area.

Latest news

USD/CHF may rise a bit

USD/CHF formed a “hammer” candlestick on the D1. The most recent price low wasn’t confirmed by the Awesome Oscillator on this timeframe.

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