EUR/USD is setting up a cypher pattern at 1.1039. I would be very cautious with this one, should price action come down to complete the cypher there is a major resistance area @ 1.1136. In most cases, I would take profits at the .382 retracement of the CD leg which comes in @ 1.1164, but with such a major resistance level coming in before first targets I will be...
Last week we got a double top with bearish divergence on RSI. Also If you look left there is some descent structure at this level. If we get a push up into the 115.80 level I will be looking to get short.
Euro/JPY is putting in a bearish gartley pattern @114.04. Also, the 114 area has been major support for the past several week. Now that this support line has been broken this should act as descent resistance should price action come up to test this area.
Euro/JPY has a bearish gartley setting up @ 114.04. Also the 114 area has been a major support area for the past couple of weeks. Now that price has broken this support level, this should act as strong resistance should price action test this level.