EUR/USD: will the euro tame a dragon?

EUR/USD: will the euro tame a dragon?

Recommendation: BUY 1.167 SL 1.1615 TP 1.172 TP2 1.178 TP2 1.1815

On the daily chart of EUR/USD, bulls are for the second time trying to counterattack and trigger the reversal pattern a “Dragon”. To begin with, they need to lead the pair outside of the descending channel. Bears are still hoping for a realization of the AB=CD pattern.


On H1, EUR/USD keeps forming a widening wedge. A successful test of diagonal resistance near 1.1670 will allow bears to bring the pair to 78.6% target of the Gartley pattern.



USD/JPY took a blow

USD/JPY formed a big bearish candlestick yesterday that almost engulfed the previous bullish one.

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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