EUR/USD: "Window" acted as resistance

EUR/USD: "Window" acted as resistance


The price reached the upper "Window", which acted as resistance, so we've got a bearish "Tweezers" pattern. Therefore, the market is likely going to decline towards the nearest support level in the short term. However, if any bullish pattern arrives afterwards, there'll be an opportunity to have another upward price movement.


We've got a bullish "Hammer", but this pattern hasn't been confirmed yet. In this case, we could have a local upward correction, but bears are likely going to deliver a new local low later on.



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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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