EUR/USD: outlook is bullish

EUR/USD: outlook is bullish

Recommendation:

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.

EUR.png

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

EUR2.png

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On H1 of EUR/USD, bulls want to trigger “Wolfe waves” pattern with a target at the line 1-4. At the same time, if the pair doesn’t leave the downtrend channel, their plans will fail.  

USD/JPY: the Bears have won

Narrowing bullish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen with the falling lines

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