EUR/USD: pair declining because of 'Engulfing'

EUR/USD: pair declining because of 'Engulfing'


The last bearish 'Engulfing' has pushed the pair lower. The main intraday target is the next support at 1.1417. If any bullish pattern forms little later on, there'll be a moment to have an upward correction.


We've got a bullish 'Hammer', but this pattern hasn't been confirmed yet. So, we should keep an eye on the nearest support at 1.1417 as a possible departure point for the upcoming bullish correction.



GBP/USD: another 'V-Top' pattern

The pair is going to test the nearest support at 1.2684 - 1.2661. In this case, we could have a new local low within the next few hours...


Latest news

GBP/USD: pound entered into channel Tenkan-Kijun

Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the market is under strong resistance and prices entered into the channel Tenkan-Kijun.


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