EUR/USD is preparing to a break

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”.



AUD/USD may fall

If this week the Aussie closes in the negative area, it will continue towards the lower levels in line with the long-term downtrend.

Latest news

GBP/USD: confirmed "Thorn" pattern

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...


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