EUR/USD: "Triple Top" stopped bulls

EUR/USD: "Triple Top" stopped bulls

EUR/USD: "Triple Top" stopped bulls

We've got a "Triple Top", so there's a correction, which is taking place on the four-hours chart. Therefore, the market is likely going to decline towards support at 1.0874 - 1.0851. If a pullback from this area happens, there'll be an opportunity to have an upward price movement in the direction of resistance 1.0905 - 1.0910.

EUR/USD: "Triple Top" stopped bulls

The last "Pennant" has been broken, so bears faced support at 1.0905. In this case, bulls are likely going to test resistance at 1.0936, which could be a departure point for another decline towards support at 1.0874.



GBP/USD: bullish 'Doji'

It's likely to have a local upward correction towards the nearest resistance at 1.3030 and the Moving Averages...


Latest news

GBP/USD: pound entered into channel Tenkan-Kijun

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.


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