EUR/USD: no any reversal pattern so far

EUR/USD: no any reversal pattern so far

3007eurusdh4 (2).png

There's a local bullish 'Harami' pattern, so the price is rising. The main intraday target is the next resistance at 1.1704. A pullback from this level could be a departure point for a decline towards the nearest support at 1.1599.

3007eurusdh1 (2).png

There's no any reversal pattern so far. Also, all the Moving Averages have been broken. So, the market is likely going to test the closest resistance at 1.1704. If a pullback from this level happens next, there'll be a moment for a decline in the direction of the lower 'Window' (1.1602).

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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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