The pair is greatly influenced by the constant changes in global risk sentiment as well as the policy of the central banks.
EUR/USD: euro wants to surf
TP1 1.1845 TP2 1.1935 TP3 1.2065
On the daily chart, EUR/USD reached support at 1.1667. If it falls below it, the risks of triggering the “Shark” pattern with target at 88.6% will increase. On the other hand, a rebound and the reaching of 88.6% target of the “Bat” will create grounds for correction to 23.6%, 38.2% and 50% of the wave CD.
On H1 of EUR/USD, bulls want to trigger “Wolfe waves” pattern with a target at the line 1-4. At the same time, if the pair doesn’t leave the downtrend channel, their plans will fail.
The market is likely going to continue declining. The main intraday target is the next support at 1.1526 - 1.1508...
Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the market is under strong resistance and prices entered into the channel Tenkan-Kijun.
AUD/CAD falling inside impulse waves 3 and (C) Next sell target - 0…