Price on EURUSD has been forming a lower low and lower high sequence forming . 1.11 zone is still acting as a strong support. price broke the zone and is currently retesting it. We will be watching to see how price behaves rather than jumping on a sell this is because created a pinbar . however, EURUSD still remains bearish.
We expect to see more downside to USDCHF as it maintains its price below the down trendline. We also have a possible head and shoulder pattern forming with could result in more short opportunities if the neckline is broken.
Price on EURNZD is making higher highs and higher lows pushing the price against the resistance. Price is consolidating awaiting breakout to the upside to complete the head and shoulder pattern or break below the trrendline for downward continuation.
GBPUSD looks to resume its bullish or buying move as a result of the inverse head and shoulder. 1.294 is a good target for this move as it coincides with the trendline touch and completion of the inverse head and shoulder pattern.