EUR/USD: no any reversal pattern

EUR/USD: no any reversal pattern

27-4-2018-EUR-H4.png

The market has been declining since a 'Wedge' pattern was broken. There's no any reversal pattern, so the price is likely going to continue moving lower. At the same time, there's an opportunity to have an upward correction little later on.

27-4-2018-EUR-H1.png

The pair has broken the last 'Pennant' pattern. The main intraday target is the next support at 1.2051 - 1.2027. A pullback from this area could be a departure point for an upward correction.

eur

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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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