EUR/USD: bullish 'Three Methods' pattern

EUR/USD: bullish 'Three Methods' pattern

0712eurusdh4.png

The 89 Moving Average is acting as resistance, but it's likely that we're going to have a bullish 'Three Methods' pattern. In this case, we should watch the next resistance at 1.1433 as an intraday target. If a pullback from this level forms next, there'll be an opportunity to have a decline towards the lower 'Window'.

0712eurusdh1.png

The last 'Shooting Star' led to the current consolidation. At the same time, there's a bullish 'High Wave', which has been formed above the Moving Averages. Thus, the market is likely going to test another resistance at 1.1433 within the next few hours.

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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