Technical Analysis EUR/USD

- At Pivot, price consolidated and recover. Go Long at this level. SL at 1.0870. TP at R2
- Or, at S2, price broke through strongly. Short at this level. SL at 1.0885. TP at S3

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Technical Analysis EUR/USD

The fx pair on Daily TF is in a range after its first up movement and the second upper leg is in development. On H8 the market is in a strong narrowing range. And because of this several versions could occur in the upcoming. On H2 the market just reached the longer MA. At this point care needed because it can turn back easily. But shorter TFs support the uptrend. And this gives more percentage for LONG positions. If in the chart MA won’t hold than the TP will be around R3. If the market turns down than it will be ok to expect new lows around S2.
Opening a position: in every M15 pullback end to the given directions. Every time it is important to take care for the contexts.

Technical Analysis USD/CAD

Any break of the 38.2% major corrective low at 1.3945 means that you can short the pair with tight stops looking for the 50% major corrective target to be hit at 1.37600. This 50% level coincides with an equal legs target on the Daily timeframe in a simple A-B-C movement. Be advised we are still in a bullish major uptrend so watch for a sharp turn higher to re-short the pair again. Intraday entry is a sell at 1.04060 with a 30 pip stop, 90 pip target. 1:3 Risk / Reward.

Technical Analysis GBP/USD

On the larger time frame trend we have GBPUSD nearing 50% fib retracement. Looking for shorts around the fib with stop just above MA and Target at 3x risk.

Technical Analysis EUR/USD

EUR USD. Price is heading back up to retest the daily pivot and strong resistance just above this, also correlates with a 50% retracement of the last high to low. Looking to short to a new low.

Technical ANalysis GBP/JPY

- At Pivot, price consolidated and recover. Go Long at this level. SL at 170.85. TP at R2