Bullish Ichimoku Cloud, but horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen.
EUR/USD: a Shark will eat the dollar
BUY 1.1990 SL 1.1935 TP1 1.2090 TP2 1.2190 TP3 1.2290
On the daily chart, EUR/USD reached the targets of the senior and junior “Broadening wedge” patterns. At the same time, the pair triggered the “Shark” and AB=CD patterns with targets at 88.6% and 200%. They form the convergence area at 1.18-1.1825. The necessary condition for the continuation of the fall is the decline below 1.2080-1.2095 и 1.1965-1.1990.
On H1, if EUR/USD reaches 78.6% and 88.6% of the “Shark”, this will increase the risks of a pullback to 23.6%, 38.2% and 50% of the wave CD as the “Shark” is transforming into 5-0.
Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen with horizontal lines.
On the daily chart of USD/CAD, bulls almost returned the pair to the 1.3275-1.3315 convergence (targets of "Shark" and "Wolfe waves" patterns).
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...