On the daily chart of EUR/JPY, bulls and bears are fighting for the upper boundary of the downward channel.
EUR/USD: will the euro fall?
TP1 1.163 TP2 1.166 TP3 1.169
On the daily chart, EUR/USD keeps consolidating in the 1.1510-1.1780 range in line with the “Spike and ledge” pattern on the basis of 1-2-3. A break of its lower border will trigger AB=CD pattern with a target of 200%. On the other hand, a successful test of resistance at 1.1760 will give bulls hope for the resumption of the uptrend.
On H1, there’s a transformation of a “Broadening wedge”. After reaching the 88.6% target of a “Shark”, there’s a big probability of a pullback towards 23.6%, 38.2% and 50% of the wave CD as the pattern is transforming into 5-0.
On the daily chart of EUR/USD, chances that the pair will reach targets of the “Head and Shoulders” pattern and the “Shark” pattern (88.6% target) are declining.
On the daily chart of EUR/GBP, the long-term consolidation within 0.87-0.902 is continuing.
The last "Pennant" pattern has been broken, so bulls found resistance at 1.2915. Nevertheless, the market is likely going to move on, so we should...
USD/CHF remains weak across the board and stays strong with a bearish consolidation below the 200 SMA at H1 chart…
There's no any reversal pattern so far, so the market is likely going to test the nearest resistance area in the short term...