EUR/USD: confirmed 'Hanging Man'

EUR/USD: confirmed 'Hanging Man'

0207eurusdh4.png

There's a 'Hanging Man', which has been confirmed enough. So, the market is likely going to test the nearest support at 1.1511 in the short term. A pullback from this level could be a departure point for another bullish rally.

0207eurusdh1.png

The pair is consolidating along the Moving Averages. It's likely that the market is going to test the lower 'Window' soon. If we have a pullback from this level, there'll be a moment for an upward price movement towards the nearest resistance at 1.1660.

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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