EUR/USD: outlook is bullish

EUR/USD: outlook is bullish


BUY 1.1480

SL 1.1425

TP1 1.1600 TP2 1.1800. 

On the daily chart, bulls managed to break above resistance at 1.1472-1.1480. This put the longer-term bearish trend to an end. Resistance became support, “Bat” pattern turned into “Crab” with interim target of 127.2% at 1.1800.


On H1, EUR/USD is trading within the bullish channel. Bulls are in control. Buy on any pullbacks to the downside.




AUD/USD may fall

If this week the Aussie closes in the negative area, it will continue towards the lower levels in line with the long-term downtrend.

Latest news

GBP/USD: confirmed "Thorn" pattern

The last "Pennant" pattern has been broken, so bulls found resistance at 1.2915. Nevertheless, the market is likely going to move on, so we should...


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