USD/TRY has moved sharply down this week falling to the support line since the end of November.
EUR/USD: bulls came to power
TP1 1.1975 TP2 1.2045
On the daily chart, EUR/USD keeps forming the inverted “Shark” pattern with a target of 88.6%. Bulls managed to settle above 1.1820 and 1.1885 and aim to continue way up to resume the long-term uptrend.
On H1, after reaching targets of the “Widening wedge” and “Three touches” bulls managed to return the initiative to their hands. They are pushing the pair up towards 88.6% and 224% of the “Shark” and AB=CD.
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...