EUR/USD: bulls going to test Monday's high

EUR/USD: bulls going to test Monday's high

EUR/USD: bulls going to test Monday's high

There’s a “V-Top” at the last high, so the price is consolidating between the levels 1.0872 – 1.0828. Therefore, bulls are likely going to test the nearest resistance at 1.0918. If a pullback from this level happens, there’ll be an opportunity to have a decline towards a support at 1.0759 – 1.0736.

EUR/USD: bulls going to test Monday's high

We’ve got a “Pennant” pattern, so the market is likely going to reach the next resistance at 1.0905 – 1.0918. However, if we see a pullback from this area, bears will probably try to achieve the 89 Moving Average, which could act as a support.

eur

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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.

gbp

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