EUR/CHF looks ill
This week EUR/CHF broke below the 100- and 50-day MAs at 1.0966 and 1.0954 respectively.
USD/JPY: should we sell the pair?
Recommendation:
SELL 113.1
SL 113.65
TP1 112.1 TP2 111.6 TP2 110.2
On the daily chart of USD/JPY, bears failed to break below the bottom line of the upward channel within the implementation of the “Three Indians” pattern. If only they will break below 111.6, the pair will move to the 88.6% target of the “Shark” pattern.
On H1, bears couldn’t resume the pair to the previous 110.2-111.6 consolidation, it signaled their weakness. A rebound from the 88.6% target of the “Shark” pattern will let to form shorts.
Ivan Karamazov
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EUR/CHF looks ill
This week EUR/CHF broke below the 100- and 50-day MAs at 1.0966 and 1.0954 respectively.
EUR/USD is under pressure
After EUR/USD broke the 1.1180/1.1070 range to the downside, it has been trading within the short-term downtrend.
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