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Bears have broken the "Rising Wedge" and the last upward trendline. Also, there's a possible "Flag" pattern, so the market is likely going to decline towards the nearest support at 1.1108. If a pullback from this level happens, there'll be an opportunity to have an upward price movement towards the 89 Moving Average.
The pair faced support at 1.1137, so the price is consolidating. However, there's a possible developing "Flag" pattern, so bulls are likely going to test the closest resistance at 1.1165 - 1.1178. Meanwhile, if we have a pullback from this area, bears will have a green light to achieve the next support at 1.1108.
DAX has been moving in a recovery phase since March and while gains are capped by the 200 SMA at H4 chart, the index scopes to consolidate above the Fibonacci level of 50% at 12659…
The price action in Bitcoin continues to be tight and profits remain limited in the short term…
NZD/USD reversed from resistance zone Next sell target - 0…
GBP/JPY broke support level 141…
Recommendation: BUY 0,9765 SL 0,971 TP1 0,985 TP2 0,9895…
We’ve got a pullback from the lower “Window”, so there’s a bullish “Doji”, which has been confirmed .
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