EUR/USD: 'Flag' led to new high

EUR/USD: 'Flag' led to new high

7-6-2018-EUR-H4.png

The last 'Flag' led to the current upward price movement. The main intraday target is the next resistance at 1.1853 - 1.1896. A pullback from this area could be a departure point for another decline towards the nearest support at 1.1799 - 1.1762.

7-6-2018-EUR-H1.png

It's likely that there's a 'V-Top' pattern, so the market is going to test the closest support at 1.1799. If a pullback from this level happens little later on, there'll be a moment to have an upward price movement towards the next resistance at 1.1853 - 1.1896.

eur

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GBP/USD: pound entered into channel Tenkan-Kijun

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.

gbp

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