AUD/NZD is making movements to the downside which are hard to ignore.
EUR/USD is driving wedges
SELL 1.2310 SL 1.2365 TP1 1.2210 TP2 1.2155 TP3 1.2080
SELL 1.2355 SL 1.2410 TP1 1.2255 TP2 1.2155 TP3 1.2080
On the daily chart, the return of EUR/USD inside the uptrend channel will increase the risks of the pair going to 161.8% and 224% of AB=CD patterns. On the other hand, if the euro falls to February lows, it will then go to 88.6% target of the “Shark”.
On H1 of EUR/USD, there is a “Widening wedge” pattern. Pullbacks from resistance at 38.2% and 50% of the wave 4-5 may be used for opening long positions. A break of 1.2470 and 1.2510, on the other hand, will open the way to the north.
USD/CHF may test lower levels this week as long as it keeps trading below the resistance at 1.01.
The pair is greatly influenced by the constant changes in global risk sentiment as well as the policy of the central banks.
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…