USD/TRY has moved sharply down this week falling to the support line since the end of November.
EUR/USD: euro returned again to SSA
Technical levels: support – 1.1160; resistance – 1.1210.
- Buy — 1.1220; SL — 1.1200; TP1 — 1.1300; TP2 – 1.1340.
- Sell — 1.1180; SL — 1.1200; TP1 — 1.1080; TP2 – 1.1060
Reason: bearish Ichimoku Cloud, falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen; the prices are returned to upper bounds of the Cloud after testing the support of Senkou Span B.
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...
USD/CHF remains weak across the board and stays strong with a bearish consolidation below the 200 SMA at H1 chart…
There's no any reversal pattern so far, so the market is likely going to test the nearest resistance area in the short term...