EUR/USD is making a choice

EUR/USD is making a choice

Recommendation:

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.

EUR1.png

On H1, EUR/USD formed a “Widening wedge”. To trigger it, the pair needs a confident test of support at 1.1825-1.1840.

EUR2.png 

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EUR/USD: euro wants to surf

On H1 of EUR/USD, bulls want to trigger “Wolfe waves” pattern with a target at the line 1-4. At the same time, if the pair doesn’t leave the downtrend channel, their plans will fail.  

USD/JPY: the Bears have won

Narrowing bullish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen with the falling lines

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