EUR/USD met resistance in the 1.1415 area. The pair’s advance in the recent days was quite rapid, so it might be hard for the euro to retain the bullish momentum.
WTI met resistance
SELL 63.25; TP 62.30; SL 63.50
WTI oil formed a “shooting star” candlestick on W1 around 61.8% Fibonacci resistance of the October-December decline. On D1, a bearish candlestick with a bigger upper wick was formed on Friday. These things may signal correction to the downside as long as the price is below the weekly pivot at 63.87. The potential targets are at 62.30 (50-week MA) and 61.10 (200-day MA).
If we see a pullback from the lower 'Window', the pair is likely going to test the nearest Moving Averages...
Bearish Ichimoku Cloud with falling Senkou Span A and rising Senkou Span B; a dead cross of Tenkan-sen and Kijun-sen with falling lines.
The picture on W1 looks very much like the “Head and Shoulders” with the neckline at 3.68 or 3.56.