EUR/USD: a possible rise for the euro

EUR/USD: a possible rise for the euro


BUY 1.1455

SL 1.14

TP1 1.1555 TP2 1.1645 TP2 1.168

On a daily chart of EUR/USD, the pair managed to break the support at 1.1430, which activated “Shark” and AB=CD patterns. The price is close to the convergence between 1.1180 (the 61.8% level on the long-term uptrend) and 1.1215 (the 200% target of the AB=CD pattern). This situation makes it possible for the pair to break the support at 1.13.  


On H1, the price has almost reached the 88.6% target of the “Shark” pattern. This situation intensifies risks of the reversal. If the pair crosses the resistances at 1.1455 and 1.15, it will activate the “Wolfe Waves” pattern.



XAU/USD: a short-term trade

Last week XAU/USD recovered 38.2% of the November decline. However, the advance of gold was limited by the declining 50-period MA on the H4.

Latest news

The outlook for the GBP

The British pound has been enjoying itself versus the other major currencies during the past weeks. WIll the advance of the GBP continue?

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