EUR/USD close to reach the 1.2476 milestone

EUR/USD close to reach the 1.2476 milestone

The pair is following a bullish structure since March 1st lows and it’s on the way to duplicate a cycle towards the 100% Fibonacci extension at 1.2476. Around that area, we’re expecting a pullback to take place to test the support zone of 1.2354. Such level could be pierced in order to allow more declines to touch the 200 SMA at H1 chart. To the upside, if EUR/USD manages to break above 1.2476, it can go towards the 1.2525 level.

RSI indicator remains slightly in the negative territory.



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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.


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