EUR/USD: no one wants to give in

EUR/USD: no one wants to give in

Recommendations:

SELL 1.193 SL 1.1985 TP 1.177

BUY 1.177 SL 1.1705 TP 1.193

On the daily chart, the “Shark” pattern is transforming into 5-0. Pullbacks towards 38.2%, 50% and 61.8% of the wave CD are usually used for selling. The inability of bulls to lead the pair outside of the downtrend channel will point at their weakness.

EUR1.png 

On H1, EUR/USD keeps forming the “Widening wedge”. Pullbacks towards 23.6%, 38.2% and 50% of the wave 4-5 are usually used for buying. Long positions can be entered at 1.1715 and 1.1695.

EUR2.png

eur

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