EUR/USD: euro tested SBB’s resistance

EUR/USD: euro tested SBB’s resistance

Technical levels: support – 1.1850, 1.1830; resistance – 1.1890, 1.1940.

Trade recommendations:

  1. Buy — 1.1850; SL — 1.1830; TP1 — 1.1890; TP2 – 1.1940.

Reason: bearish Ichimoku Cloud with rising  Senkou Span A; a strong golden cross of Tenkan-sen and Kijun-se with rising Tenkan-sen and Kijun-sen; the prices are under Senkou Span B and will try to breakout.

01-eurusdh4.png

eur

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EUR/GBP: pound is chasing a bat

On the daily chart of EUR/GBP, bears managed to seize the initiative and brought the pair to the lower border of the medium-term consolidation range (0.8695-0.9015). If the pair triggers the “Bat” pattern, the odds of it going to its 88.6% target at 0.8635 will increase.

EUR/USD: bears hit the breaks

On the daily chart, EUR/USD reached an interim target at 78.6% of the “Bat”. The pair formed an inside bar. A break of its upper border will increase the odds of a break above the diagonal resistance and a trigger of the “Shark” pattern.

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