Expanding bullish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen with rising Tenkan-sen.
EUR/USD: euro is heading to the north
On the EUR/USD daily chart, a break of the resistance at 1.1295 followed by the retest allowed the euro to enter the operations space. The pair is ready to test the resistance at 1.147 and realize the mid-term target 127,2% in the Crab pattern. The nearest important level of the support can be found near 1.1345.
On the EUR/USD hourly chart, after the realization of the Wolfe Waves pattern and precipitous rally , the positions of the Bears don’t promise any significant gains. The rollbacks towards 1.1388 and 1.1345 will likely be bought out.
Expanding bullish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen with expanding channel Tenkan-Kijun.
On the daily chart, bulls are trying to return USD/CAD inside the long-term uptrend channel.
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...