EUR/USD wandered in bears’ lair

EUR/USD wandered in bears’ lair

Recommendation:

SELL 1.167 SL 1.1725 TP1 1.155 TP2 144

SELL 1.1695 SL 1.175 TP1 1.155 TP2 1.144

On the daily chart, EUR/USD formed a 5-0 pattern: after a pullback towards 50% of the wave CD of the “Shark” pattern, the pair declined. Correction towards 200% target of AB=CD will likely continue.

EUR1.png 

On H1, EUR/USD formed a «Widening wedge” and almost reached 127.2% target of the ideal butterfly pattern. Pullbacks towards 1.1670 and 1.1695 may be used for selling.

EUR2.png

Similar

GBP/USD: pound looks weak

Expanding bearish Ichimoku Cloud with falling Senkou Span A; a new dead cross of Tenkan-sen and Kijun-sen and falling Tenkan-sen; the prices are on the Kijun’s support, but the Bears may breaking down it.

gbp
EUR/USD: euro falling in negative area

Narrowing bullish Ichimoku Cloud with falling Senkou Span A; a new dead cross of Tenkan-sen and Kijun-sen, but the lines are horizontal; the prices are entered into the negative area, but there is a strong support on 1.2290.

eur

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