EUR/USD: euro returned under Cloud

EUR/USD: euro returned under Cloud

Technical levels: support – 1.1545; resistance – 1.1700.

Trade recommendations:

  1. Sell — 1.1660; SL — 1.1680; TP1 — 1.1590; TP2 – 1.1545.

Reason: narrowing bullish Ichimoku Cloud with falling Senkou Span A; a weak golden cross of Tenkan-sen and Kijun-sen with falling Tenkan-sen; the prices are returned to negative area again.

01-eurusdh4.png

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On the daily chart of EUR/GBP, after implementation of the "Wolfe Waves" and "Shark" (88.6%) patterns, there is a correction as a part of the "Shark" pattern's transformation into 5-0.

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