
The last bearish 'Shooting Star' hasn't been confirmed enough. So, the market is likely going to test the nearest support at 1.1505...
The last bearish 'Shooting Star' hasn't been confirmed enough. So, the market is likely going to test the nearest support at 1.1505...
The European Central Bank is going to deliver its interest rate decision at 14:45 (MT time).
We should keep an eye on the nearest significant support at 1.1505 as an intraday target...
The US dollar index has been suffering for the second day.
Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen with horizontal lines and narrow channel of Tenkan-Kijun.
We could have a local correction in the short term. So, if a pullback from the 34 Moving Average happens little later on...
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If a pullback from the nearest support at 1.1603 happens next, the price is likely going to reach another resistance at 1.1747...
On the daily chart, the inability of bulls to lead EUR/GBP outside of the long-term trading range of 0.87-0.902 points at their weakness.
On the daily chart, EUR/USD is consolidating in the 1.1500-1.1850 range. A break of its upper border triggers AB=CD pattern with a target at 200% and will increase the risks of a “Shark” with a target
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