EUR/USD: no any reversal pattern

EUR/USD: no any reversal pattern

24-1-2018-EUR-H4.png

The main trend is still bullish, so the market is likely going to test the nearest resistance at 1.2358 - 1.2456. If a pullback from this area happens, there'll be an opportunity to have a decline towards the nearest support at 1.2322 - 1.2272.

24-1-2018-EUR-H1.png

There's no any reversal pattern, so the pair is likely going to test the next resistance at 1.2358 - 1.2398 during the day. This area could be a departure point for a bearish correction towards the closest support at 1.2358 - 1.2322.

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EUR/USD: euro hung on Tenkan-Kijun

Narrowing bearish Ichimoku Cloud with rising Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen, but rising Tenkan-sen; the bulls could breakout the Kijun’s resistance.

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