EUR/USD: bearish 'High Wave'

EUR/USD: bearish 'High Wave'


There's still no any reversal pattern so far, but we've got a bullish 'Three Methods'. At the same time, there's an opportunity to have a correction towards the closest support at 1.1720. If a pullback from this level happens next, the price is likely going to test the nearest resistance at 1.1824.


We've got a bearish 'High Wave', but confirmation of this pattern is weak. So, we could have just a local downward correction. Meanwhile, a pullback from the nearest support at 1.1758 could be a starting point for another bullish price movement.



GBP/USD: another 'V-Top' pattern

The pair is going to test the nearest support at 1.2684 - 1.2661. In this case, we could have a new local low within the next few hours...


Latest news

GBP/USD: confirmed "Thorn" pattern

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...


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