EUR/USD: bulls built strongholds

EUR/USD: bulls built strongholds

On the EUR/USD daily chart, the bears successfully attacked the bulls' strongholds located near 1.0635. The immediate support is located near 1.05. If it is broken, the "Shark" pattern with target 88.6% will be activated.

On the EUR/USD hourly chart, after near-term consolidation, there is a continuation of the downtrend. "Bulls" will try to defend 1.058, 1.054 and 1.0495 levels. From each of these levels, a rebound is possible.Then, there will be a development of the correction. The nearest resistance level can be found near 1.0635.



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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.


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