On the daily chart, EUR/GBP has been stuck in the 0…
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.
On the daily chart of EUR/USD, bulls are trying to form a double bottom with the help of a bar with the long lower shadow. Bears are still hoping to trigger AB=CD pattern with targets 127.2%, 161.8%, and 200%.
Narrowing bearish Ichimoku Cloud with rising Senkou Span A and B; a cancelled dead cross of Tenkan-sen and Kijun-sen.
We've got a bearish "High Wave", which has strong confirmation. In this case, the price is likely going to decline.
Narrowing bearish Ichimoku Cloud with rising Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen, but rising Tenkan-sen; the bulls could breakout the Kijun’s resistance.
We've got a pullback from the nearest "Window", so there's an "Engulfing" pattern. In this case, the pair is likely going to...