USD/TRY has moved sharply down this week falling to the support line since the end of November.
EUR/GBP: the euro is haunting a «Shark»
TP1 0.8895 TP2 0.894 TP3 0.9015
On the daily chart of EUR/GBP, the implementation of the junior “Shark” pattern with the 88.6% target continues. The target is located near 0.8940. To continue the upward movement, bulls need to stick above an important level of 0.8805 (50% from the middle-term upward wave) and renew May highs.
On H1, bears cannot hold the pair below the bottom line of the uptrend that signals bears' weakness. A break of the resistance at 0.8835 will let bulls to move up.
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...