EUR/USD: bulls made a stop

EUR/USD: bulls made a stop

Recommendation:

BUY 1.1710

SL 1.1655

TP1 1.1780 TP2 1.1880 TP3 1.2035

On the daily chart, EUR/USD keeps forming a “Shakeout-Fakeout” pattern. If bulls manage to keep the pair above 1.1630 test resistance at 1.1710 for the second time (38.2% of the long-term bullish wave), the odds of reaching 88.6% target of the “Shark” will increase. 

EURUSD D1.png 

On H1, EUR/USD formed a “Wolfe waves” pattern. Conservative approach implies buying on the break of the diagonal resistance at 2-4. It’s the upper border of the “Spike and ledge”.

eurusd_60.png

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XAU/USD: an attempt to recover

After forming a “hammer” candlestick on the D1 on Tuesday, XAU/USD rose to $1,467 and consolidated between this level and $1,461.

Latest news

XAU/USD: an attempt to recover

After forming a “hammer” candlestick on the D1 on Tuesday, XAU/USD rose to $1,467 and consolidated between this level and $1,461.

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