The pair is greatly influenced by the constant changes in global risk sentiment as well as the policy of the central banks.
EUR/USD: step backwards and two steps forwards
TP1 1.1845 TP2 1.1865 TP3 1.1910
On the daily chart, EUR/USD is correcting to the short-term downtrend towards 38.2% of the last bearish wave and higher. The pair formed a pin bar and if it goes below its lower border bears will be able to return the pair to the diagonal support.
On H1 of EUR/USD, there’s a “Crab” pattern with a target at 161.8%. Formation of a “Three Indians” pattern increases the risks of decline to the convergence area 1.1740-1.1747, where bulls will become more active.
The market is likely going to continue declining. The main intraday target is the next support at 1.1526 - 1.1508...
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.
AUD/CAD falling inside impulse waves 3 and (C) Next sell target - 0…