Tag - eur

On the EUR/USD daily chart, quotes returned to the border of the upward trading channel…

Narrowing bearish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen, the lines are horizontal; the prices are under the bottom border of the Cloud.

EUR/AUD reversed from combined resistance zone Next sell target - 1…

There’s a possible flat pattern in wave (ii). Previously, wave (i) has been formed, so the market is likely going to deliver wave (iii) in the short term.

The 144 Moving Average has acted as a resistance, so there’re a “Tower” and an “Engulfing” patterns, which both have been confirmed.

Bulls went through the nearest support area, so we should keep an eye on the next resistance at 1.0698 – 1.0707.

If I asked you who is the main stirrer-up of markets…

There’s a possible extension in wave (iii), so the market is likely going to decline in the short term.

The nearest “Window” has acted as a resistance, so we’ve got a bearish “Shooting Star”.

There’s a bullish “Pennant”, so the market is likely going to test the nearest resistance at 1.0594 – 1.0655 in the short term.

3/8 MM Level has acted as a resistance, so the market is likely going to move down in wave (iii).

EUR/JPY broke support zone Next sell target - 116…