USD/TRY has moved sharply down this week falling to the support line since the end of November.
EUR/USD: euro returned into Cloud again
Technical levels: support – 1.2260; resistance – 1.2350.
- Sell — 1.2300; SL — 1.2320; TP1 — 1.2200; TP2 — 1.2160
- Buy — 1.2360; SL — 1.2340; TP1 — 1.2450; TP2 — 1.2480
Reason: narrow bullish Ichimoku Cloud with horizontal Senkou Span A and B; a cancelled golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the prices returned into the Cloud and supported by Cenkou Span A.
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...