EUR/USD: no any reversal pattern so far

EUR/USD: no any reversal pattern so far


There's still no any reversal pattern so far. Previously, we had an 'Engulfing', which led to the current decline. The main intraday target is the next support at 1.1304. A pullback from this level could be a starting point for an upward correction.

1308eurusdh1 (2).png

There's a 'Shooting Star', which has been formed on the 'Window'. This pattern has confirmation, so the pair is likely going to test another support at 1.1304. If any bullish pattern forms next, there'll be an opportunity to have an upward correction.



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GBP/USD: levels to trade

GBP/USD has been consolidating between 1.30 and 1.2770 for the past month. The pair met resistance at the resistance line connecting October and November highs.

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