EUR/USD Worked Like A Charm. New Setups On Silver And USD/CAD!

www.investing.com/analysis/eurusd-worked-wile-a-charm-new-setups-on-silver-and-usdcad-200328203

By Alpari Research & Analysis (Tomasz Wisniewski) | Jun 28, 2018 04:46AM ET

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EUR/USD

+0.10%

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USD/CAD

0.00%

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XAG/USD

-0.23%

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Silver

-0.35%

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Head and Shoulders on the EUR/USD from yesterday worked like a charm and allowed the price to drop 100 pips lower. That was a beautiful setup straight from the Price Action Bible. Now, the price is aiming at the horizontal support around the 1.151 and chances that we will get there are very high.

Silver broke the long-term up trend line and at the same time – the lower line of the triangle pattern. What is more, we broke the horizontal support and now we are testing it as a closest resistance. Sentiment is negative and that is a proper sell signal.

USD/CAD has a chance for a double top formation. The place for that is not random as we are bouncing from the 23.6% Fibo and the price made a correction equality pattern. The sell signal will be triggered, when the price breaks the neckline marked by a blue color.

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EUR/USD Worked Like A Charm. New Setups On Silver And USD/CAD!

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