USD/TRY has moved sharply down this week falling to the support line since the end of November.
EUR/USD got lost in corridors
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.
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.
The last "Pennant" pattern has been broken, so bulls found resistance at 1.2915. Nevertheless, the market is likely going to move on, so we should...
USD/CHF remains weak across the board and stays strong with a bearish consolidation below the 200 SMA at H1 chart…
There's no any reversal pattern so far, so the market is likely going to test the nearest resistance area in the short term...