EUR/USD: bearish 'High Wave'

EUR/USD: bearish 'High Wave'

0907eurusdh4.png

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.

0907eurusdh1.png

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.

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EUR/CHF looks ill

This week EUR/CHF broke below the 100- and 50-day MAs at 1.0966 and 1.0954 respectively.

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