Euro Drops and Trades Flat!

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In the daily chart, the price of currency pair EUR/USD almost touched the downtrend and left a fine long shadow trying to close below the 1.1264 level. It has also formed a shooting star which is also a bearish engulfing pattern. The rates formed the range with important 1.1111 level serving as its opposite boundary. All in all, we assume that single currency should potentially drop anytime soon:

Euro to US Dollar
Euro to US Dollar

The British pound again approached the broken downtrend and is now trying to form a shooting star. Should the trading day close with this candle, the British pound will most likely drop and reach the support zone between the 1.2476 and 1.2480 levels:

British Pound to US Dollar
British Pound to US Dollar

In the daily chart, Australian currency pulled back from the broken support level and psychological level of 0.7000, trying to close trading day with a bearish engulfing. Should this pattern finally form, the asset’s price can potentially drop targeting the level of about 0.6830:

Australian Dollar to US Dollar
Australian Dollar to US Dollar

The Canadian dollar is testing the broken upper side of a symmetrical triangle for a fourth time in a row. It’s also strongly pulling away from the broken trendline. Now, the asset’s price is trying to form a bullish candle and jump again. We assume that in this case the asset will potentially target the 1.3664 level:

Canadian Dollar to US Dollar
Canadian Dollar to US Dollar

The cross rate of EUR/CHF tried to break the lower boundary of the large daily range but quickly got back into the flat, leaving a long shadow after a false breakout. Currently, the trading day might close with a pattern with white body and very long shadows along both sides of a so-called high-wave candlestick. This candle is located at the lower boundary of the flat or the 1.1160 level, which serves as a support. It signifies a potential trend reversal and jump:

Euro to Swiss Franc
Euro to Swiss Franc
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