On the daily chart, EUR/USD managed to rise above resistance at 1.1750 and lead the pair out of the medium-term consolidation range (1.15-1.1750).
EUR/USD is preparing to a break
SELL 1.2245 SL 1.23 TP1 1.2145 TP2 1.208 TP3 1.1965
BUY 1.2415 SL 1.236 TP1 1.2515 TP2 1.2615 TP3 1.2715
On the daily chart, EUR/USD is consolidating in the 1.2245-1.2415 range. A break below the lower border of the range will allow bears to pull the pair to 127.2% of the violet AB=CD. On the other hand, advance above resistance at 1.2415 will increase the odds of advance to 127.2% target of the green AB=CD.
On H1, EUR/USD keeps forming the junior “Widening wedge”.
Expanding bullish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen but narrow channel Tenkan-Kijun.
Expanding bullish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen but narrowing channel Tenkan-Kijun.
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...