EUR/GBP: buy the EUR

EUR/GBP: buy the EUR


BUY 0.8945 SL 0.889 TP1 0.9045 TP2 0.906 TP3 0.91

On the daily chart of EUR/GBP, the first target of the "Wolfe Waves" pattern was implemented. Bulls need to update the December's maximum to continue moving towards the 88.6% and 113% targets of the "Shark" pattern. 


On H1, there is a short-term consolidation near the important level at 88.6% of the "Shark" pattern's CD wave.  Bulls need to stick above this level and break the resistance at 0.8945 to continue rising towards the 200% target of the AB=CD pattern. 



EUR/CHF: the final target

Although EUR/CHF has already made a big leap to the downside, the weekly chart shows that the decline looks unfinished.

Latest news

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.


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