On the daily EUR/USD chart bears failed to break support at 1…
Tag - eur
We've got an "Inverted Hammer" at the last low, but confirmation of this pattern is a quite weak.
We've got a "Triple Top", which has been confirmed, so the price is consolidating between the 34 & 55 Moving Averages.
Recommendation: SELL 123,2 SL 123,75 TP 121…
EUR/USD reached buy target 1…
There's a developing diagonal triangle in wave (v) of [c], which is taking place on the four-hours chart.
The 144 Moving Average has acted as support, but there's a bearish "Engulfing' at the local high.
The price has been consolidating under resistance at 1.1287. The 34 Moving Average is acting as support.
Bullish Ichimoku Cloud, but the lines Senkou Span A and B are horizontal; a cancelled golden cross of Tenkan-sen and Kijun-sen, horizontal Tenkan-sen and Kijun-sen; the market is overbought, but prices are supported by Tenkan-sen and Kijun-sen.
A diagonal triangle in wave (v) is likely going to be continued. The main intraday target is 5/8 MM Level.
The upper "Window" has acted as resistance, so we've got a bearish "Tweezers", which has been confirmed.
The price has been consolidating under resistance at 1.1287. Also, we've got a "Pennant" pattern.