EUR/USD is still supported by the 200-week MA at 1.1310. The pair came to the support line connecting November lows for the third time
EUR/USD: euro inside weekly Cloud
Technical levels: support – 1.1510; resistance – 1.1620.
- Buy — 1.1510; SL — 1.1490; TP1 — 1.1620; TP2 — 1.1670;
Reason: bullish Ichimoku Cloud, but falling Senkou Span A; a new dead cross of Tenkan-sen and Kijun-sen with falling lines; the prices entered into cloudy area in a weekly timeframe.
USD/CAD has reached resistance of June highs around 1.3386. It briefly tested levels above this point, but then returned lower.
On the daily chart of XAU/USD, the correction to the downward middle-term trend continues.
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...