Last week NZD/USD made a significant thrust to the downside.
EUR/USD: euro is after a crab
TP1 1.1640 TP2 1.1600 TP3 1.1550
On the daily chart, the inability of bulls to push the pair above resistance at 1.1821 points at their weakness. To continue decline towards 127.2% and 161.8% targets of a “Crab” bears need to lead the pair outside of the uptrend channel and conquer support at 1.1750.
On H1, a break of support at 1.1730-1.1750 will make EUR/USD go to 161.8% and 88.6% targets of the “Shark” and AB=CD.
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…