After forming a “hammer” candlestick on the D1 on Tuesday, XAU/USD rose to $1,467 and consolidated between this level and $1,461.
EUR/USD: bears control the euro
SELL 1.1445 SL 1.15 TP1 1.1345 TP2 1.1245 TP3 1.1180
SELL 1.1300 SL 1.1355 TP1 1.1245 TP2 1.1180
On the daily chart, bears are in control. They are still hoping to push the pair to 200% target of AB=CD. To continue the decline, bears need to pull EUR/USD below August low. The key resistance levels are near 1.1445 and 1.1510.
On H1, bulls are trying to seize the initiative and trigger the “Shark” pattern with the target at 88.6%. It’s located at 1.1595. The possibility of this scenario isn’t high.
AUD/USD that has settled below the 100-day MA in the 0.6840 area. Learn more!
The earnings season in the United States is still on. This means that stocks of the largest American companies will likely make big moves.