EUR/USD got lost in corridors

EUR/USD got lost in corridors

Recommendation:

SELL 1.2215 SL 1.227 TP1 1.2115 TP2 1.2095 TP3 1.1995

BUY 1.2515 SL 1.246 TP1 1.2615 TP2 1.2715 TP3 1.2815

On the daily chart, EUR/USD keeps consolidating in the 1.2215-1.2515 range within spike and ledge pattern. A break of resistance at 1.2515 will lead to the uptrend’s resumption. On the other hand, decline below support at 1.2215 will increase the risks of a correction.

EUR1.png 

On H1, EUR/USD keeps forming a “Widening wedge” pattern. The decline to the point 5 will open the way down to 78.6% of the Gartley pattern.

EUR2.png

Similar

EUR/USD: euro wants to surf

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.  

USD/JPY: the Bears have won

Narrowing bullish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen with the falling lines

jpy

Popular

Morning brief for June 2

Today’s news headline is that Trump officially announced the withdrawal of the US from the Paris climate agreement…

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera