Tag - eur

EUR/GBP: bulls get ready to strike
EUR/GBP: bulls get ready to strike

On the daily chart of EUR/GBP, bulls are ready to get the pair out of the 0.8700-0.8825 consolidation range (a “ledge”) within the ‘Spike and ledge” pattern on the basis of 1-2-3.

EUR/USD: euro is breaking a trend
EUR/USD: euro is breaking a trend

On H1, the inability of bulls to return EUR/USD inside the downtrend channel or break resistance at 1.1715, will increase the risks of getting to 161.8% target of the “Shark”.

EUR/JPY: bulls are counterattacking
EUR/JPY: bulls are counterattacking

This increases the risks of a pullback to the lower border of the 129.15-132.15 consolidation range. To continue moving down, bears have to renew May low.

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