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 on the edge
TP1 1.1525 TP2 1.14 TP3 1.1295
On the daily chart of EUR/USD, bears counterattacked and are ready to renew May low. In this case, the pair will trigger the junior AB=CD pattern with targets at 127.2%, 161.8% and 200% and the senior “Shark” pattern with a target of 88.6%.
On H1, EUR/USD is near the convergence area (88.6% target of a “Shark”). This increases the risks of a pullback towards 23.6%, 38.2% и 50% of the wave CD. Use the correction for selling.
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…