On the daily chart, we expect the price of gold to fluctuate sideways within the Symmetrical Triangle with resistance and support marked by the blue line.
EUR/USD reached buy target 1.1100
- EUR/USD reached buy target 1.1100
- Next buy target - 1.1200
EUR/USD continues to rise after the earlier breakout of the resistance zone lying at the intersection of the resistance level 1.1100 (which was set as the buy target in out previous forecast for this currency pair) and the resistance trendline of the wide daily up channel from January. The breakout of this resistance zone accelerated the active minor impulse wave C.
EUR/USD is expected to rise further the next buy target at the resistance level 1.1200 (target price for the termination of the active intermediate ABC correction (2)).
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...
USD/CHF remains weak across the board and stays strong with a bearish consolidation below the 200 SMA at H1 chart…
There's no any reversal pattern so far, so the market is likely going to test the nearest resistance area in the short term...