On the daily chart, AUD/USD stayed above the support at 0.7105 (78.6% of the long-term rising wave).
EUR/GBP: euro and pound are pulling the rope
BUY 0.8905 SL 0.8850 TP1 0.8975 TP2 0.9015
SELL 0.8855 SL 0.8910 TP1 0.8785 TP2 0.8695
On the daily chart, EUR/GBP keeps long-term consolidation in the 0.8695-0.9015 range. Until the pair gets out from the narrow range, traders should focus on strategies with small targets.
On H1, to continue the rally EUR/GBP bulls should conquer resistance at 0.8905 and return the pair inside the uptrend channel. On the other hand, a decline of the euro below support at 0.8855 will increase the risk of the pair going to 88.6% target of the “Shark” pattern.
On the daily chart, bulls managed to lead NZD/USD outside of the downtrend channel. They are ready to trigger the “Shark” with 88.6% and 113% targets.
On the daily chart, EUR/USD managed to rise above resistance at 1.1750 and lead the pair out of the medium-term consolidation range (1.15-1.1750).
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...