EURUSD broke our descending channel impulsively towards the downside, meaning we will be anticipating in a new trend, currently we have a small ascending channel in form of a bearish flag, which seemed to be broken down indicating the activation of the 90%.
EUR/JPY has reached the 55-week moving average at 128.21. Karen Jones, Team Head FICC Technical Analysis Research at Commerzbank, expects the pair to stabilize above the 2020- 2021 support line at 127.31.
Negative bias while below 130.25/55
“EUR/JPY has reached the 55-week ma at 128.21 and is seeing a small bounce higher, directly below here lies the 127.94...
EURUSD is forming a Bullish trend on H1.
We see an impulse and a correctional phase forming a Bullish flag on eurusd h1 and we're expecting an impulse to the break the correction to upside, for confirmation of the bullish trend we see a head n shoulder pattern on H4 timefrime.
Best time to buy, wait for the break of the correction phase!