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

GBP/USD: levels to trade

GBP/USD has been consolidating between 1.30 and 1.2770 for the past month. The pair met resistance at the resistance line connecting October and November highs.

XAU/USD: an attempt to recover

After forming a “hammer” candlestick on the D1 on Tuesday, XAU/USD rose to $1,467 and consolidated between this level and $1,461.

Latest news

GBP/USD: levels to trade

GBP/USD has been consolidating between 1.30 and 1.2770 for the past month. The pair met resistance at the resistance line connecting October and November highs.

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