EUR/USD: another 'V-Top' pattern

EUR/USD: another 'V-Top' pattern

26-7-2018-EUR-H4.png

There's another 'V-Top' pattern, so we're likely going to have a downward correction. In this case, we should keep an eye on the nearest support at 1.1690 as a possible departure point for a bullish rally towards the next resistance at 1.1757 - 1.1767.

26-7-2018-EUR-H1.png

We've got a 'Triple Top' pattern, which has been confirmed. So, the price is likely going to reach the closest support at 1.1690 - 1.1679 during the day. If a pullback from this area happens next, bulls will probably try to achieve another resistance at 1.1757 - 1.1767.

eur

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GBP/USD: pound entered into channel Tenkan-Kijun

Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the market is under strong resistance and prices entered into the channel Tenkan-Kijun.

gbp

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