EUR/USD: the euro follows the “Shark”

EUR/USD: the euro follows the “Shark”


BUY 1.168

SL 1.1625

TP1 1.1755 TP2 1.178 TP3 1.182

On the daily chart of EUR/USD, the downward triangle is forming.  If bears break its bottom line, the AB=CD pattern with the 200% target will be implemented. Vice versa, if the pair goes out of the downward channel and breaks the resistance at 1.1755, it will increase chances of the bullish long-term trend’s recovery.   


On H1, bears can’t pull the pair out of the upward channel, it signals their weakness. Bears try to play back "Wolfe waves" and "Sharks" patterns.



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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