AUD/NZD experienced an impressive rally since the end of March.
EUR/USD: gap formation was favorable for bulls
On the EUR/USD daily chart, there is an uptrend developing towards 161.8% и 88.6% targets in the AB=CD and Bat patterns. There was a gap on the technical chart. The bulls managed to test the resistance at 1.0822. Until quotes are still above this level, the control over the pair will in bulls' hands.
On the EUR/USD hourly chart, to launch the counterattack the bears need to get the signals from the Three movements pattern. For this to happen, the bulls should fail the test of the resistance at 1.087, then, prices should slide below the support at 1.0825.
Recommendation: hold longs (BUY 1,0775 SL 1,072 TP1 1,086 TP2 1,104), until quotes are above 1.082.
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…