EUR/USD: euro is heading to the north

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.




USD/TRY has moved sharply down this week falling to the support line since the end of November.

Trade ideas for gold

The downside correction is long due in XAU/USD. Gold is stuck ahead of resistance at 1298.50.

Latest news

GBP/USD: confirmed "Thorn" pattern

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...


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