EUR/USD

For a better picture on the EUR/USD it is best to go directly to H4 chart. Today, we have another sell signal after a fall below Kumo and Kijun-sen 1.05939. Chikou Span is below the price, and it is important the rate is again below the (3/8)P line 1.05896. If such setup maintains, we can expect EUR/USD declines to (0/8)P 1.0498. Zone of indecision is capped by (4/8)P, downward bound of the Cloud and Senkou Span B at 1.0620. Moving baove this resistance zone will draw another local low and start increases at least to Kumo upper limit 1.0664.

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EUR/GBP

Yesterday we saw a strong upward reaction at EUR/GBP. Price remains above 0.7080-0.7050 that consists of (0/8)P and Tenkan-sen. If EUR/GBP remains above those levels, we will see a correction continuation and potential move to next Murrey levels – 0.7141 or even 0.7202. Moving below Tenkan-sen may generate another sell signal.

EUR/JPY

Strong EUR/JPY downtrend has slowed down a little and correction to Kijun-sen 131.53 is possible. Breaking that level may indicate broader corrective move targeting 132.81 (5/8)P. Similar to EUR/GBP, fall below Tenkan-sen will also give sell signal, but we need to be careful! That is because the support near 129.69 level (3/8)P. Only breaking below recent lows will give proper EUR/JPY downtrend signal!

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