EUR/USD: no any reversal pattern so far

EUR/USD: no any reversal pattern so far

0607eurusdh4.png

There's no any reversal pattern so far. It's likely that the market is going to test the nearest resistance at 1.1747. A pullback from this level could be a starting point for a decline towards the next support at 1.1606.

0607eurusdh1.png

The 34 Moving Average has acted as support. Also, there's a bearish 'Harami', but this pattern hasn't been confirmed yet. So, after a short break, the pair is likely going to test the upper 'Window' (1.1747).

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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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