It’s worth paying attention to AUD/JPY. The pair has approached the resistance line connecting April and May highs.
EUR/USD: a good signal to buy the EUR
BUY 1.171 SL 1.1655 TP1 1.181 TP2 1.191 TP3 1.2035
BUY 1.154 SL 1.1485 TP1 1.164 TP2 1.171 TP3 1.181
On the daily chart of EUR/USD, bears couldn’t pull the pair below the support at 1.1445 (50% of the upward long-term wave). As a result, bulls took the initiative. They are going to break the diagonal resistance and pull the pair to targets of “Head and shoulders” and “Shark” patterns.
On H1, after the pair reached the 113% target of the “Shark” pattern, risks of the pullback to 23.6%, 38.2% and 50% of the CD wave increased. The correction should be used to buy.
The way EUR/GBP bottomed around 0.8700, then rose above 0.8870 and jumped from the trendline support at 0.8910 shows that the pair possesses bullish momentum.
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