EUR/USD: 'Harami' led to bullish correction

EUR/USD: 'Harami' led to bullish correction


The last 'Harami' led to the current upward price movement. The main intraday target is the next resistance at 1.1775. A pullback from this level could be a starting point for a decline towards the nearest support at 1.1677.


The previously formed 'Three Methods' acted as support. Also, there's no any reversal pattern so far, which means the pair is going to continue rising. A pullback from the closest resistance at 1.1775 could be the beginning of a bearish correction.



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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.


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