EUR/USD: euro is returning to the game

EUR/USD: euro is returning to the game


BUY 1.1860

SL 1.1805 TP1 1.1960

TP2 1.2050

On the daily chart, bulls managed to lead the pair outside of the descending trend. If they manage to continue the attack and redraw November high, risks of 88.6% target of an inverted “Shark” pattern will significantly increase. It’s located near 1.2050.


On H1, EUR/USD keeps forming a “Widening wedge”. Pullback towards 23.6% of the wave 4-5 allowed to form longs. A break of resistance at 1.1860 will provide an opportunity to add to bullish positions.



XAU/USD: bears got out

Recommendation: SELL $1266 SL $1281 TP1 $1237 TP2 $1212 On the daily chart, a break of XAU/USD below the lower border of a $1266-1288 consolidation range allowed bears to get out…


EUR/USD: "Double Top" pattern

Bulls faced with resistance at 1.2029, so the price is likely going to decline towards the nearest support area at 1.2003 - 1.1975...

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