EUR/USD: "V-Bottom" set up bullish correction

EUR/USD: "V-Bottom" set up bullish correction

EUR/USD: "V-Bottom" set up bullish correction

The price faced a support at 1.0571, so an upward correction has been started. Therefore, the market is likely going to test the nearest resistance at 1.0594 – 1.0655. If a pullback from this area happens, there’ll be an opportunity to have another decline towards a support at 1.0571 – 1.0524.

EUR/USD: "V-Bottom" set up bullish correction

We’ve got a new gap. Also, there’s a “V-Bottom”, so bulls are likely going to achieve the nearest support near the local downtrend. If we see a pullback from this level, bears will probably try to deliver a new low.



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: 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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