Bullish Ichimoku Cloud, but horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen.
EUR/USD is reaching new highs
BUY 1.2500 SL 1.2445 TP1 1.2580 TP2 1.2625 TP3 1.2770
BUY 1.2465 SL 1.2410 TP1 1.2580 TP2 1.2625 TP3 1.2770
On the daily chart of EUR/USD, there’s a sustainable uptrend. The pair is confidently moving towards the convergence area near 1.2770. There are 224% and 161.8% targets of the junior and senior AB=CD.
On H1, EUR/USD bulls will control the situation as long as the euro is above $1.22. Pullbacks to support at 1.25 and 1.2465 may be used for opening long positions.
Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen with horizontal lines.
On the daily chart of USD/CAD, bulls almost returned the pair to the 1.3275-1.3315 convergence (targets of "Shark" and "Wolfe waves" patterns).
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...