EUR/USD: "Triple Top" pattern

EUR/USD: "Triple Top" pattern


Bulls faced with resistance at 1.1949, so there's a "Double Top" pattern, which has been confirmed. So, the market is likely going to decline towards the nearest support at 1.1879 - 1.1859. If a pullback from these levels happens little later on, there'll be an opportunity to have another upward price movement towards the next resistance at 1.1975 - 1.2003.


There's a "Triple Top" pattern, which has been confirmed. The price reached the nearest support at 1.1897 afterwards, so the next target is the closest resistance at 1.1914 - 1.1941, which could be a departure point for another decline.



USD/JPY: "High Wave" pattern

We could have just a local upward correction in the short term. Nevertheless, bears are likely going to test the lower "Window"...


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