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.



AUD/USD: aussie will continue downtrend

Expanding bearish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen with the falling lines; the market had corrected to Tenkan-sen and ready to continue the main trend.



EUR/USD: bullish "Doji"

The price is likely going to test the nearest resistance. If a pullback from this level happens, we could have just another decline...


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