XAU/USD reached resistance of the uptrend channel in the area of 1347.
EUR/USD: euro entered into Cloud
Technical levels: support – 1.2260; resistance – 1.2310, 1.2380.
- Buy — 1.2260; SL — 1.2240; TP1 — 1.2310; TP2 — 1.2380
Reason: narrowing bearish Ichimoku Cloud with rising Senkou Span A; a cancelled dead cross of Tenkan-sen and Kijun-sen with horizontal lines; the market testing the Cloud’s resistance.
The last "Pennant" pattern has been broken, so bulls found resistance at 1.2915. Nevertheless, the market is likely going to move on, so we should...
USD/CHF remains weak across the board and stays strong with a bearish consolidation below the 200 SMA at H1 chart…
There's no any reversal pattern so far, so the market is likely going to test the nearest resistance area in the short term...