On the daily chart of EUR/JPY, bulls and bears are fighting for the upper boundary of the downward channel.
EUR/USD: triangle stopped the euro
TP1 1.1815 TP2 1.1845 TP3 1.191
On the daily chart of EUR/USD, the first attempt of bulls to lead the pair out of the descending triangle and trade channel failed. Bears seized the initiative. As a result, the pair risks consolidating in the 1.15-1.1850.
On H1, EUR/USD bulls are still hoping for “Wolfe waves” and “Shark” pattern. To do that, they will need to return the pair to resistance at 1.1745 and conquer it. Formation of the “Double top” increases the risk of a pullback from the lower border of the uptrend channel.
On the daily chart of EUR/USD, chances that the pair will reach targets of the “Head and Shoulders” pattern and the “Shark” pattern (88.6% target) are declining.
On the daily chart of EUR/GBP, the long-term consolidation within 0.87-0.902 is continuing.
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...