EUR/USD: pullback from the upper 'Window'
We should watch the next support at 1.1117 as an intraday bearish target. This level could be a starting point for a bullish correction...
US Dollar could be looking for fresh highs
The US Dollar has been extending the bullish bias above the 200 SMA at H1 chart, but the resistance level of 93.51 is helping to cap further gains. That’s why we would like to stick with the idea of a possible decline to complete a cycle between the 92.81 and 92.60 level, where is located a strong demand area. If a rebound happens over there, then the index could be on its way to reach the Fibonacci level of -23.6% at 93.84.
RSI indicator stays in the positive territory, favoring to the bulls, but we should remind that indicator was before in the overbought zone.
Felipe Erazo
Similar
GBP/USD: 'Thorn' pattern points to correction
We should watch the nearest support at 1.2953 - 1.2930 as an intraday target for GBPUSD...
EUR/USD: 'Harami' points to a bullish correction
The pair is likely going to test the upper 'Window' (1.1313) within the next few hours. The following pullback from this level could be...
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
