EUR/CHF: it’s hard for the euro
EUR/CHF met resistance at the 50-week MA around 1.14. The Moving Average has recently formed a “dead cross” with the 100-week MA.
EUR/GBP: bulls tricked their rivals
Recommendation:
BUY 0.8810
SL 0.8755
TP1 0.8910 TP2 0.8940 TP3 0.9015
On the daily chart, EUR/GBP bulls managed to seize the initiative and return the pair inside the previous medium-term consolidation range of 0.8695-0.9015. A break of resistance at 0.8810 will trigger the “Shark” pattern with a target at 88.6%. It’s located near 0.8940.
On H1, EUR/GBP formed a “Shakeout – Fakeout” pattern. The return of the pair to the middle of the 0.8690-0.8755 range points at the weakness of bears and allowed bulls to expect that the “Shark” pattern will be triggered soon.
Ivan Karamazov
Similar
CHF/JPY: how to trade in a range
CHF/JPY has been consolidating within a pennant formation since February.
USD/JPY can test higher levels
There’s a scope for an advance to the 2018 resistance line at 112.80.
Latest news
EUR/USD: local 'V-Top' pattern
The market is likely going to continue declining. The main intraday target is the next support at 1.1526 - 1.1508...
GBP/USD: pound entered into channel Tenkan-Kijun
Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the market is under strong resistance and prices entered into the channel Tenkan-Kijun.
AUD/CAD falling inside impulse waves 3 and (C)
AUD/CAD falling inside impulse waves 3 and (C) Next sell target - 0…
Deposit with your local payment systems
