Pattern RadarEUR/USD Fibonacci Support
by Autochartist
With the short term intraday charts showing some upside potential as the equities market recovered some of its prior week losses, the EUR/USD has found support near 1.3886. As this support holds the projected upside target for this ABCD Fibonacci pattern on the 60 minute chart could offer insight into where the [...]
The dollar-yen is bouncing around within a wide range as the Continuation Ascending Triangle has not yet reached the “narrows” of the pattern.
The “narrows” of a pattern occur when you have a self-limiting pattern like a triangle or wedge where the pattern’s range steadily decreases until there’s no room left for prices to move and the pattern [...]
With the uptrend on the daily chart pulling back for yet another session, prices have broken down through the support of 0.9200.
The 60 minute chart has a projected downside target of 0.9060 if prices can break down lower. This would mean another strong day for the Dollar Index and a weaker commodities complex.
The trigger for [...]