EUR/USD: bulls are counterattacking

EUR/USD: bulls are counterattacking


SELL 1.1845

SL 1.19

TP1 1.1765 TP2 1.1745 TP3 1.1665

On the daily chart, EUR/USD reached an interim target at 113% of the junior “Crab” pattern. This increases the risks of a pullback to23.6%, 38.2% and 50% of the wave AD. As long as the pair is below 1.2165, bears will remain in control. The target of 88.6% of the “Bat” is still actual.


On H1, EUR/USD is correcting to the downtrend. To continue the decline, bears need to pull the pair below 1.1845.




Latest news

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.


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