The 144 Moving Average has acted as a resistance, so there’re a “Tower” and an “Engulfing” patterns, which both have been confirmed.
Tag - eur
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…
Trade scenarios for EUR/USD, GBP/USD and USD/CAD based on key option levels.
As Steven Tyler’s (Aerosmith) “there’s something wrong with the world today; the light bulb’s getting dimmed; there’s meltdown in the sky” perfectly describes the political and economic environment in which traders have to operate nowadays…
We’ve got a “Flag” pattern, so bears are likely going to test the nearest support at 1.0551 – 1.0524 during the day.
Bearish Ichimoku Cloud with horizontal Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen, falling Kijun-sen; the prices are under the resistance of Tenkan-sen and Kijun-sen.