AUD/NZD is making movements to the downside which are hard to ignore.
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.
USD/CHF may test lower levels this week as long as it keeps trading below the resistance at 1.01.
The pair is greatly influenced by the constant changes in global risk sentiment as well as the policy of the central banks.
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…