The last bullish “Harami” hasn’t been confirmed. Also, we’ve got a bearish “Three Methods”.
Tag - eur
We’ve got a triangle in wave (Y) of [B], so bears formed a wedge in wave 1. Also, there’s wave 2, which was ended last month.
On the daily chart, EUR/JPY is trading within descending channel…
All Moving Averages have been broken, so bears achieved a support at 1.0639, which pushed the price to a resistance at 1.0678.
Trade scenarios for EUR/USD, AUD/USD and USD/CAD based on key option levels.
During the past week, EUR/USD touched levels above 1…
The pair has been declining since a “Harami” was formed at the last high. Also, there’s a developing “Three Methods” pattern.
Trade scenarios for EUR/USD, GBP/USD and USD/CAD based on key option levels.
The euro suffered substantial losses overnight after we received softer than expected German and Spanish inflation releases…
Bears reached a support at 1.0678, so the price is consolidating. Therefore, the market is likely going to test the next support at 1.0655 – 1.0594 in the short term.
Narrowing bullish Ichimoku Cloud, but rising Senkou Span B; a dead cross of Tenkan-sen and Kijun-sen; the prices are entered into the Cloud and on the support of SSB.
We’ve got wave v of (i), so there’s time for wave (ii). The main bullish target is 5/8 MM level, which could be a departure point for another bearish wave.