EUR/CAD has approached the support line from the end of October.
EUR/USD: euro testing Cloud’s support
Technical levels: support – 1.2300; resistance – 1.2380.
- Buy — 1.2310/20; SL — 1.2290; TP1 — 1.2380; TP2 — 1.2420
Reason: narrowing bullish Ichimoku Cloud with falling Senkou Span A; a correctional dead cross of Tenkan-sen and Kijun-sen with the falling Tenkan-sen; the market had corrected to the Cloud and keep staying on its support.
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...