Tag - eur

EUR/JPY has reached the support line connecting 2018 lows and the lower weekly Bollinger band in the 125.50 area.

It's likely that the price is going to test the nearest support at 1.1335 in the coming hours. If a pullback from this level happens next...

Everyone wants to know what to expect in the New Year…

On the daily chart of EUR/JPY, the implementation of the "Spike and Ledge" pattern, in particular, the fall of the pair below the lower border of the "ledge" between the 127.6 and 129.25 levels, made the pair reach the 88.6% target of the "Shark" pattern.

If a pullback from 1.1418 happens next, bears will probably try to reach the closest support at 1.1335...

Trade signals for December 24

The pair is likely going to test the 144 Moving Average (1.1400). If a pullback from this line happens next...

On the daily chart of EUR/USD, there is the implementation of the "Three Indians" and "Spike and Ledge" patterns' combination based on the 1-2-3 one.

On the daily chart of EUR/GBP, the reversal towards the 23.6% target of the CD wave as a part of the "Shark" pattern's transformation into the 5-0 one helped to open long positions.

If a pullback from the nearest resistance at 1.1500 happens next, there'll be a moment to have a downward correction towards...

On the daily chart of EUR/JPY, the implementation of the "Broadening Wedge" pattern continues.

EUR/USD is once again testing the October resistance line, upper daily Bollinger band, and the daily Ichimoku Cloud.