XAU/USD reached resistance of the uptrend channel in the area of 1347.
EUR/USD: bulls feels confident
Technical levels: support – 1.0890; resistance – 1.0940, 1.0980.
- Buy — 1.0890; SL — 1.0870; TP1 — 1.0940; TP2 – 1.0980.
Reason: narrow bullish Ichimoku Cloud, but rising Senkou Span B; a cancelled dead cross of Tenkan-sen and Kijun-sen with horizontal lines; expected a new golden cross; the prices are resistance of Senkou Span A.
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...