EUR/USD: bullish "Engulfing"

EUR/USD: bullish "Engulfing"

1910eurusdh4-1.png

There's a bullish "Engulfing", which has been confirmed. At the same time, we've got a "Three Methods" pattern, so the market is likely going to continue moving up towards the next resistance area.

1910eurusdh1-1.png

The last "Three Methods" pattern pushed the price higher, so the price fixated above the "Window". We could have just a local bearish correction in the short term. Nevertheless, bulls will probably try to deliver new highs soon.

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EUR/USD: euro returned to positive area

Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen with the horizontal lines; the prices are returned to the positive area and may continue uptrend.

GBP/USD: pound returned to negative area

Narrowing bearish Ichimoku Cloud with falling Senkou Span B; a cancelled golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the prices are in negative area, but on the strong support of 1.3100.

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