AUD/USD may rise to 0.74
On the daily chart, AUD/USD stayed above the support at 0.7105 (78.6% of the long-term rising wave).
EUR/GBP: fighting for the initiative
Recommendation:
SELL 0.8645 SL 0.87 TP1 0.8555 TP2 0.852 TP3 0.8455
BUY 0.8795 SL 0.874 TP1 0.8895 TP2 0.893
In the daily chart of EUR/GBP, the inability of bulls to reach resistance at 0.88, conquer it and trigger the “Shark” pattern pointed at their weakness. Bears returned the initiative and are ready to reach 200% targets of the junior and senior AB=CD.
On H1 of EUR/GBP, only a break of resistance at 0.8795 will allow bulls to count on the formation of the inverted “Head and Shoulders” and the “Shark”. On the other hand, a decline below support at 0.8645 will open the way down for the pair.
Ivan Karamazov
Similar
NZD/USD can get even higher
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.
EUR/USD can rebound after a pullback
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).
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