Recommendation: SELL 0…
EUR/USD is building a fortress
On the daily chart, EUR/USD fell below 1.17 (88.6% target of the “Shark” pattern). Bulls are ready to test support at 1.1685 (23.6% of the last bullish wave). Success will open the way to 113% target of the “Shark”
On H1, a break below an important support at 1.1710 increased the risks of continuation to the downside to 1.1595-1.1605 (200% and 113% of AB=CD and “Shark”). If the euro gets there, it will create grounds for a pullback.
Recommendation: SELL 1…
Expanding bullish Ichimoku Cloud, but falling Senkou Span B(!); a golden cross of Tenkan-sen and Kijun-sen; the market supported by Cloud, but the Bulls can’t continue an existing uptrend.
We've got a bearish "High Wave", which has strong confirmation. In this case, the price is likely going to decline.
Growing concerns over Greek bailout, early elections in Italy and comments by the ECB President Mario Draghi about the need to maintain the bank’s extraordinary amount of monetary policy support…
The 144 Moving Average has acted as support, but there's a bearish "Engulfing' at the local high.