EUR/USD: will the EUR rise?

EUR/USD: will the EUR rise?

Recommendation: BUY 1.1470 SL 1.1415 TP1 1.1570 TP2 1.1660 TP3 1.1760

On a daily chart of EUR/USD, the transformation of the “Shark” pattern into 5-0 pattern continues. Buyers are focused on moving the pair towards the resistances at 78.6% and 88.6% of the CD wave and breaking them. On the other hand, bears plan to move the pair towards the support at 23.6% with the following update of November’s minimum.


On H1, the successful test of the resistances at 1.1470 and 1.1515 (50% of the downward wave) will increase the risks of the implementation of targets at 113% and 88.6% of the senior and junior “Shark” patterns.




XAU/USD: a short-term trade

Last week XAU/USD recovered 38.2% of the November decline. However, the advance of gold was limited by the declining 50-period MA on the H4.

Latest news

The outlook for the GBP

The British pound has been enjoying itself versus the other major currencies during the past weeks. WIll the advance of the GBP continue?

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