Recommendations: SELL 0…
EUR/USD: euro liked pin bars
BUY 1.1925 SL 1.187 TP1 1.1995 TP2 1.2085
BUY 1.1985 SL 1.193 TP1 1.2085 TP2 1.2185
On the daily chart, bears’ failure to rise above 1.1845 points at their weakness. This is confirmed by a pin bar with a long lower wick. Traders should favor buying on the break of resistance aiming for 161.8%, 200% and 224 targets of AB=CD pattern.
On H1, EUR/USD may form 1-2-3 pattern on correction. The break of resistances at 1.1925 and 1.1985 will be a signal for long positions.
Expanding bearish Ichimoku Cloud with falling Senkou Span A and B; the falling lines Tenkan-sen and Kijun-sen; the market made a new lows since Nov 2016.
Bearish Ichimoku Cloud with horizontal Senkou Span A and B; a cancelled dead cross of Tenkan-sen and Kijun-sen with the horizontal lines; the market had returned to negative area.
We've got a bearish "High Wave", which has strong confirmation. In this case, the price is likely going to decline.
Growing concerns over Greek bailout, early elections in Italy and comments by the ECB President Mario Draghi about the need to maintain the bank’s extraordinary amount of monetary policy support…
The 144 Moving Average has acted as support, but there's a bearish "Engulfing' at the local high.