XAU/USD reached resistance of the uptrend channel in the area of 1347.
EUR/USD: euro got caught in the cross fire
On the EUR/USD daily chart, the Bears tried to launch a counterattack, but they stumbled upon the solid resistance.There are many buyers in the area of 1.108 - 1.112. As a result, a triangle was formed and the risks for consolidation within the range of 1.1125-1.1245. increased. To restore the uptrend, the May peak needs to be updated around 1.1265.
On the EUR/USD hourly chart, a breakout of the upper boundary of the descending trading channel does not guarantee the continuation of the rally. Bears might try to launch a counterattack in the area of 1.124-1.1245 (target 88,6% of the Shack inverted pattern.).
The market is likely going to continue declining. The main intraday target is the next support at 1.1526 - 1.1508...
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.
AUD/CAD falling inside impulse waves 3 and (C) Next sell target - 0…