Technical Analysis EUR/USD

In longer term (Daily TF) the FX pair is just on the bullish-bearish boarder. And during the upcoming days the market will decide what it would like to be. H8 and H2 were in the sustainable bear territory which indicate the market wants to move down again. It seems H8 was the TF where the level of the correction was. This can have the meaning that the trend is decelerating and the market is forming its last down wave. Which means there is not too much left from the downswing. Or from another view the down move already ended and the Daily players have taken the control. To trade better to stay on H2 level. Which indicates a down move is in development. And it has the possibility to go down until S1 if a divergence will be shown. In that case it will be a good SHORT. But even the back down move it is better to expect another up and to get ready for LONG.

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Technical Analysis EUR/USD

Seems the market is kind of cautious ahead of very important fundamentals, such as UK decision and US rate hike. Today’s US PMI will give the tone .

I am watching two pattern formation on the AUDUSD, the first one a Bat with buy entry @0.72251 and the second one a Cypher with a deeper entry @ 0.72000

Technical Analysis USD/CAD

usdcad dip buying should be supported around the 1/30200 area. Look to BUY at 1.30200 with 40 pip stops looking for a 38.2% retrace to 1.32900 minimum.

Technicla Analysis EUR/USD

In longer term (Daily TF) the FX pair is just on the bullish-bearish boarder. And during the upcoming days the market will decide what it would like to be. H8 and H2 were in the sustainable bear territory which indicate the market wants to move down again. It seems H8 is the TF where the level of the correction. This can have the meaning that the trend is decelerating and the market is forming its last down wave. Which means there is not too much left from the downswing. From closer view better to expect bigger corrections but still with lower lows. To trade it is good to take first LONG but do not expect a breakout over R1. Next SHORT position will be good with the TP of 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 EUR/GBP

EURGBP may have formed a Top at the 100th Fibonacci level. A possible short can be taken near the high of the Red bullish engulfing candle around 0.7689 and a stop placed above the 100th Fib level around 0.7696.