Following the ECB’s interest rate decision on Thursday, the EUR/USD pair fell to refresh its lows across the board and now it’s trading between a Fibonacci demand area of 100% and 123…
Tag - eur
There's a "Shooting Star", which has been formed at the local high. So, the price is likely going to continue declining...
There are two bullish impulses, which are likely waves (i) and i. So, there's an opportunity to have an extension...
All the Moving Averages have been broken, so the price is moving up. The main intraday target is the nearest resistance at 1.1857...
Recommendation: BUY 133…
Wave [ii] might have been ended, so there's an opportunity to have another upward impulse wave...
We could have a local upward price movement. The main intraday target is the upper "Window"...
Bears faced with support at 1.1757, but there's also resistance by the 34 Moving Average. If a pullback from this line happens...
Narrow bearish Ichimoku Cloud, but horizontal Senkou Span A and B; a strong dead cross of Tenkan-sen and Kijun-sen with falling Tenkan-sen; the prices are tested the Cloud’s resistance and ready to continue a downtrend.
EUR/CHF broke resistance level 1…
There are bullish patterns such a "Hammer" and an "Inverted Hammer", which both have been confirmed enough...
The market is likely going to continue moving up towards the next resistance at 1.1822 - 1.1857...