USD/ZAR recoiled down from the resistance line connecting October highs and slipped under the daily moving averages.
EUR/USD: euro in consolidation inside Cloud
Technical levels: support – 1.1620, 1.1590; resistance – 1.1690.
- Sell — 1.1690; SL — 1.1710; TP1 — 1.1590; TP2 – 1.1545
Reason: narrowing bearish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen with rising Tenkan-sen; a local trend is growing but there is a strong resistance of Senkou Span B.
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...