AUD/NZD is making movements to the downside which are hard to ignore.
EUR/USD is making a choice
SELL 1.1825 SL 1.188 TP 1.171
BUY 1.2025 SL 1.197 TP 1.2155
On the daily chart, EUR/USD broke below the diagonal support and left the uptrend channel. This increases the possibility of a “Shark” and “Head and Shoulders”. Their realization will lead to a pullback towards 1.1710. To resume the uptrend, bulls need to conquer resistance at 1.2030.
On H1, EUR/USD formed a “Widening wedge”. To trigger it, the pair needs a confident test of support at 1.1825-1.1840.
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 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...