EUR/USD can rebound after a pullback

EUR/USD can rebound after a pullback

Recommendation:

BUY 1.1710

SL 1.1655

TP1 1.18 TP2 1.1940 TP3 1.2000

On the daily chart, EUR/USD managed to rise above resistance at 1.1750 and lead the pair out of the medium-term consolidation range (1.15-1.1750). As a result, the odds of continuation towards 200% and 88.6% of AB=CD and “Shark”.  

EURUSD D1.png 

On H1, EUR/USD keeps forming “Head and Shoulders” and AB=CD (200% target). The return of the pair to the neckline of the “Head and shoulders” pattern (1.1710 and 1.1750) may be used to buy EUR/USD.

EURUSD H1.png

Similar

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.

EUR/CHF looks ill

This week EUR/CHF broke below the 100- and 50-day MAs at 1.0966 and 1.0954 respectively.

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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