The pair is greatly influenced by the constant changes in global risk sentiment as well as the policy of the central banks.
EUR/USD: euro is choosing a way
BUY 1.1720 SL 1.1665 TP1 1.1780 TP2 1.1910 TP3 1.2070
SELL 1.1665 SL 1.1720 TP1 1.1565 TP2 1.1535
On the daily chart of EUR/USD, bulls managed to lead the pair out of the downtrend channel. They want to trigger a “Crab” pattern with the target at 161.8% and a “Dragon”.
On H1 of EUR/USD, a successful test of resistance at 1.1720 will allow bulls to continue the rally towards 78.6% target of the Gartley pattern. On the other hand, a return to support levels at 1.1665 and 1.1650 will increase the risks of “Wolfe waves” and “Shark” reversal patterns.
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…