EUR/USD: the euro is getting stronger

EUR/USD: the euro is getting stronger

Recommendation:

BUY 1.1485 SL 1.143 TP1 1.157 TP2 1.175 TP3 1.1855

On the daily chart of EUR/USD, bulls try to break the upper border of the 1.1265-1.1445 consolidation range, which was formed as a part of the "Spike and Ledge" pattern's implementation. If they succeed, the odds of the rise towards the targets of the "Shark" (88.6%) and "Wolfe Waves" patterns will increase. 

eurusd_d.png

On H1, if the December's maximum near the 1.1485 level is broken, the pair will rise further towards the 161.8% and 88.6% targets of the AB=CD, "Shark" and "Bat" patterns. 

eurusd_60.png

Similar

EUR/CHF looks ill

This week EUR/CHF broke below the 100- and 50-day MAs at 1.0966 and 1.0954 respectively.

USD/CAD may be capable of more

USD/CAD firstly formed a bullish “engulfing” candlestick on the W1 and then confirmed the upside by the following strong bullish candlestick.

Latest news

EUR/CHF looks ill

This week EUR/CHF broke below the 100- and 50-day MAs at 1.0966 and 1.0954 respectively.

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