On the daily chart, EUR/USD managed to rise above resistance at 1.1750 and lead the pair out of the medium-term consolidation range (1.15-1.1750).
EUR/USD: bulls are counterattacking
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.
Expanding bullish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen but narrow channel Tenkan-Kijun.
Expanding bullish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen but narrowing channel Tenkan-Kijun.
The last "Pennant" pattern has been broken, so bulls found resistance at 1.2915. Nevertheless, the market is likely going to move on, so we should...
USD/CHF remains weak across the board and stays strong with a bearish consolidation below the 200 SMA at H1 chart…
There's no any reversal pattern so far, so the market is likely going to test the nearest resistance area in the short term...