Last week NZD/USD made a significant thrust to the downside.
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 market is likely going to continue declining. The main intraday target is the next support at 1.1526 - 1.1508...
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.
AUD/CAD falling inside impulse waves 3 and (C) Next sell target - 0…