Tag - eur

The last bullish “Hammer” led to the current upward price movement.

The price is still moving up and down in a range of the developing “Triangle” pattern.

There’s a diagonal tringle in wave c of (ii), which led to form a wedge in wave i of (iii).

The 34 Moving Average and the upper “Window” have acted as a resistance.

Bearish Ichimoku Cloud with horizontal Senkou Span A and B; a cancelled golden cross of Tenkan-sen and Kijun-sen, the lines are in a same value; the prices are supported by bottom border of the Cloud.

On the EUR/JPY daily chart, quotes fell to the lowest level since November 2016…

The main trend is still bearish. The price faced a support at 1.0600, so there’s a developing upward correction.

The escalation of geopolitical tensions supports the euro as the funding currency…

EUR/USD has been hovering around the support line from this year’s lows…

As we can see on the one-hour chart, there’s a diagonal triangle in wave c of (ii).

The lower side of the nearest “Window” acted as a resistance, so there’s a “High Wave” pattern.

The main trend is still bearish. There’s a “Double Top” pattern, so the price is still under the Moving Averages.