EUR/USD, GBP/USD, EUR/GBP, USD/CHF are losing momentum and present the following pull-back risks:
EUR/USD pull-back risk to near the previous high creating a double-top @ 1.3670, before turning Bearish again.
GBP/USD pull-back risk to near the previous low creating a double-bottom @ 1.5658, before turning Bullish again.
USD/CHF pull-back risk to near the previous low creating a double-bottom @ 0.9050, before turning Bullish again.
EUR/GBP pull-back risk to near the previous high creating a double-top @ 0.8675, before turning Bearish again.
Conclusion:
Should the Major pairs pull-back to recent Highs and Lows this would create double-tops and double-bottoms giving the pairs the required reversal momentum to meet my anticipated Medium-term targets:
EUR/USD @ 1.3000
GBP/USD @ 1.6280
USD/CHF @ 0.9232
EUR/GBP @ 0.8160
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