Bullish Ichimoku Cloud, but horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen.
EUR/USD: bulls took a break
On the EUR/USD daily chart, there is a consolidation in the range of 1.0705-1.0785. A breakout of its upper border will increase the risks of continuation of the rally towards 1.086, and then, towards 1.104 (target 161,8% in the AB = CD pattern ). In contrast, a successful test of the support at 1.0705 can lead to the development of the correction towards 1.0635 and 1.06 levels.
On the EUR/USD hourly chart, the Dragon pattern was successfully implemented. At the present moment, there is a formation of the triangle. A successful test of its upper border and resistance at 1.0775 will open the way for the bulls to the north. "Bears" expect a drop of the quotes below the support at 1.072.
BUY 1,0775 SL 1,072 TP1 1,086 TP2 1,104,
SELL 1,0705 SL 1,076 TP 1,06.
Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen with horizontal lines.
On the daily chart of USD/CAD, bulls almost returned the pair to the 1.3275-1.3315 convergence (targets of "Shark" and "Wolfe waves" patterns).
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…