EUR/USD: 'Triple Top' led to decline

EUR/USD: 'Triple Top' led to decline


It's likely that we're going to have a 'Triangle'. So, the price is likely going to test the next support at 1.1612 - 1.1601. A pullback from this area could be a departure point for an upward price movement towards the nearest resistance at 1.1654 - 1.1673.


The market has been declining since the last 'Triple Top'. The main intraday target is the closest support at 1.1601. If a pullback from this level formes little later on, there'll be an opportunity to have a bullish rally in the direction of another resistance 1.1661 - 1.1679.



GBP/USD: another 'V-Top' pattern

The pair is going to test the nearest support at 1.2684 - 1.2661. In this case, we could have a new local low within the next few hours...


Latest news

GBP/USD: confirmed "Thorn" pattern

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...


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