EUR/USD: 89 Moving Average acting as resistance
There's a bullish 'Three Methods' pattern. In this case, we should keep an eye on 144 Moving Average as the next intraday target...
GBP/USD: local "V-Bottom" pattern
There's a local "V-Bottom" pattern, so the price is testing Moving Averages. The main intraday target is the nearest resistance at 1.3915. If a pullback from this level happens afterwards, bears will probably try to achieve another support at 1.3856 - 1.3799.
All the Moving Averages have been broken, so the market is likely going to test the next resistance at 1.3918 - 1.3928 in the short term. Meanwhile, if we see a pullback from this area, there'll be a moment for a decline in the direction of the nearest support at 1.3845 - 1.3816.
Sergey Logachev
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GBP/USD: confirmed 'V-Bottom'
The price is likely going to test the nearest resistance at 1.2882 - 1.2921 within the next few hours...
EUR/USD: another pullback from 144 MA
We've got a 'Shooting Star', so we're likely going to have a decline shortly, which means we should watch the next support...
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GBP/USD: confirmed "Thorn" pattern
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: time to correct?
USD/CHF remains weak across the board and stays strong with a bearish consolidation below the 200 SMA at H1 chart…
EUR/USD: "Tweezers" on 34 Moving Average
There's no any reversal pattern so far, so the market is likely going to test the nearest resistance area in the short term...
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