EUR/USD is driving wedges

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.




Latest news

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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