USD/JPY: 'Three Methods' pattern still in force
If a pullback from the nearest resistance at 111.62 happens little later on, bears will probably try to test the lower 'Window'...
EUR/USD: euro saw a ceiling
On the EUR/USD daily chart quotes reached target 88.6% of the inverted Bat pattern. As a result, the risks of correction towards 1.1345 (78.6% from the last near-term downward wave + lower border of the upward trading channel) and lower.
On the EUR/USD hourly chart quotes entered the convergence zone of 1.145 – 1.1505. There are two targets of the AB=CD pattern – 200% and 224%. A fall of quotes below the level of 1.1425 will be a signal for the realization of the strategy 2B base of Victor Sperandeo and increase the risks of activation of the Shark pattern.
Anastasia Mileshkina
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