EUR/USD: 'Evening Star' pattern
There's a green light to have a bearish correction towards the Moving Averages. If a pullback from these lines happens next...
GBP/USD: resistance waiting for bulls
The price is consolidating under the 34 Moving Average, so there's a possible developing "Rising Wedge" pattern. Under this circumstances, bears are likely going to test the nearest support at 1.2738 - 1.2705. If a pullback from this area happens, there'll be an opportunity to have a bullish price movement in the direction of the next resistance at 1.2768 - 1.2793.
There's a consolidation, which is taking place along the Moving Averages, so bulls are likely going to achieve the closest resistance at 1.2804 - 1.2817 in the coming hours. However, if we have a pullback from this area, the pair will probably try to catch support at 1.2738 - 1.2705.
Sergey Logachev
Similar
GBP/USD: another 'V-Top' pattern
The pair is going to test the nearest support at 1.2684 - 1.2661. In this case, we could have a new local low within the next few hours...
EUR/USD: bullish 'Three Methods' pattern
We should watch the next resistance at 1.1433 as an intraday target. If a pullback from this level forms next...
Latest news
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...
Deposit with your local payment systems
