XAU/USD has reached resistance
XAU/USD reached resistance of the uptrend channel in the area of 1347.
EUR/GBP: euro is walking in corridors
Recommendation:
SELL 0.8800
SL 0.8855
TP1 0.8735 TP2 0.8695 TP3 0.8620
On the daily chart, EUR/GBP is making a long-term consolidation in the 0.87-0.9015 range within a “Spike and ledge” pattern on the basis of 1-2-3. Within it, the pair formed a medium-term consolidation range of 0.87-0.89. A break of its upper border will increase the odds of a “Crab” pattern with target at 161.8%.
On H1 of EUR/GBP, a break of support at 0.88 will trigger a “Shark” pattern with targets at 88.6% and 113% at 0.8735 and 0.8695. To continue the rally, bulls need to renew July high.
Ivan Karamazov
Similar
GBP/USD: levels to trade
GBP/USD regained some ground on the weakness of the USD and the optimism about Brexit.
AUD/NZD faces more downside
AUD/NZD is making movements to the downside which are hard to ignore.
Latest news
GBP/USD: confirmed "Thorn" pattern
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: time to correct?
USD/CHF remains weak across the board and stays strong with a bearish consolidation below the 200 SMA at H1 chart…
EUR/USD: "Tweezers" on 34 Moving Average
There's no any reversal pattern so far, so the market is likely going to test the nearest resistance area in the short term...
Deposit with your local payment systems
