The price is trying to form a pullback from 8/8 MM Level, so wave [y] of 2 may have been ended.
Daily Market Analysis
The price is still consolidating in a tight range. However, the last bullish "Hammer" is on the table.
The price has been rising since the last "Hammer" was formed on the lower "Window".
We've got a "Thorn" under resistance at 1.3047, so the price is consolidating. The 55 Moving Average is acting as support.
The price faced resistance at 1.1249, so there's a consolidation. Also, we've got a "Double Top" pattern.
NZD/USD rising inside primary impulse wave ③ Next buy target - 0…
CAD/CHF reversed from support zone Next buy target - 0…
There's a consolidation, which is taking place on the four-hours chart. The 34 Moving Average is acting as resistance.
We've got a "Morning Star", which has been confirmed, so the price is moving up.
The price reached 8/8 MM Level, so wave (c) of [y] may have been ended, which means there's an opportunity to have bearish wave (i).
We've got an upward consolidation, which is developing between the 34 Moving Average and resistance at 1.3023.
Bulls faced resistance at 1.1204. However, the price is likely going to move on towards the next resistance at 1.1232 - 1.1249.