EUR/USD: euro got lost

EUR/USD: euro got lost

Recommendations:

BUY 1.175 SL 1.16950 TP1 1.1850 TP2 1.2000 TP3 1.2330

SELL 1.15 SL 1.1555 TP1 1.1445 TP2 1.1315 TP3 1.1180

On the daily chart, EUR/USD is consolidating in the 1.1500-1.1850 range. A break of its upper border triggers AB=CD pattern with a target at 200% and will increase the risks of a “Shark” with a target at 88.6%. On the other hand, a successful test of support at 1.15 will open the way for further declines.

EURUSD Daily.png 

On H1, EUR/USD pulled back after reaching 127.2% of the “Butterfly”. Bears want to pull the pair below support at 1.1605 and move it to 88.6% of the “Bat”.

EURUSD H1.png

Similar

AUD/JPY looks exposed

AUD/JPY formed a “shooting star” candlestickon the W1. This week, it’s testing levels below the 50-week MA at 75.45.

USD/CHF may rise a bit

USD/CHF formed a “hammer” candlestick on the D1. The most recent price low wasn’t confirmed by the Awesome Oscillator on this timeframe.

Latest news

AUD/JPY looks exposed

AUD/JPY formed a “shooting star” candlestickon the W1. This week, it’s testing levels below the 50-week MA at 75.45.

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