Target hit! ...but trend is still bullish...
Hi everybody!
On 1h chart there is a possible H&S formation and its failure should push the price around the resistance at 1.6490. Conversely, a bearish consolidation phase should begin...
The pair has decided to form wave 5 with an ABCDE, but this, unfortunately, leaves open the door for further consolidation. From my point of view, looking at DXY, today's session will most likely not be decisive to understanding whether EURUSD will fail from these levels or whether it will have...
Another interesting setup might be to follow AUDNZD pair this week. Technically, the pair should trigger a corrective move after the bearish structure is completed. If the pair will reach 1.072 area, from there we need to look for some reversal patterns
AUDNZD (D)
AUDNZD (1H)
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