EUR/USD: the euro is rising

EUR/USD: the euro is rising

Recommendation:

BUY 1.1485 SL 1.143 TP1 1.1585 TP2 1.169 TP3 1.175,

BUY 1.14 SL 1.1345 TP1 1.15 TP2 1.159 TP3 1.169

On the daily chart of EUR/USD, there is the implementation of the "Three Indians" and "Spike and Ledge" patterns' combination based on the 1-2-3 one. It increases the possibility of the downtrend's reversal. If the euro manages to stick above the $1.1445 level, the odds of the rise towards the "Bat" pattern's 88.6% target will increase. 

eurusd_d.png

On H1, the "Broadening Wedge" pattern was implemented. The update of the December's maximum or the reversals towards the 23.6%, 38.2% and 50% levels may be used to open long positions. 

eurusd_60.png

Similar

XAU/USD: an attempt to recover

After forming a “hammer” candlestick on the D1 on Tuesday, XAU/USD rose to $1,467 and consolidated between this level and $1,461.

EUR/CHF looks ill

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

Latest news

XAU/USD: an attempt to recover

After forming a “hammer” candlestick on the D1 on Tuesday, XAU/USD rose to $1,467 and consolidated between this level and $1,461.

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