EUR/USD: new high coming soon

EUR/USD: new high coming soon

1705eurusdh4.png

The market has been rising since the lower "Window" acted as support. However, there's a bearish "Engulfing", but this pattern hasn't been confirmed yet. So, the pair is likely going to test the next resistance level in the short term. If any bearish pattern arrives afterwards, there'll be an opportunity to have a downward correction.

1705eurusdh1.png

There's a bullish "Inverted Hammer", which has confirmation, so the price is consolidating. In this case, we're about to have a new local high, so it turns out that the price is going to rise until another bearish pattern forms.

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Similar

GBP/USD: another 'V-Top' pattern

The pair is going to test the nearest support at 1.2684 - 1.2661. In this case, we could have a new local low within the next few hours...

gbp

Latest news

GBP/USD: pound entered into channel Tenkan-Kijun

Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the market is under strong resistance and prices entered into the channel Tenkan-Kijun.

gbp

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