GBP/NZD reversed from resistance zone Next sell target - 1…
Will EUR/USD get down?
TP1 1.2095 TP2 1.2050 TP3 1.1965
On the daily chart, EUR/USD may form a unique chart pattern: a wedge inside a wedge. Point 5 of the junior pattern “Widening wedge” corresponds to 23.6% of the senior pattern’s wave 4-5. This creates a powerful entry point on the break of support at 1.2245-1.2250.
On H1 of EUR/USD, there’s a combination of “Spike and ledge” and “Widening wedge”. A break of the lower border of the consolidation range 1.2245-1.2445 will increase the possibility of a “Gartley” pattern.
We've got a bearish "High Wave", which has strong confirmation. In this case, the price is likely going to decline.
Growing concerns over Greek bailout, early elections in Italy and comments by the ECB President Mario Draghi about the need to maintain the bank’s extraordinary amount of monetary policy support…
CHF/JPY broke powerful resistance level 115…