EUR/USD: 0/8 MM Level acted as support

EUR/USD: 0/8 MM Level acted as support


We've got a pullback from 5/8 MM Level, so wave 4 has been finished. In this case, we could have another bullish impulse in wave 5 in the short term. The main intraday target is 8/8 MM Level.


0/8 MM Level acted as support, so there's an upward impulse in wave [i]. The price couldn't fixate below 3/8 MM Level, so wave [ii] may have been formed. Therefore, bulls are likely going to deliver wave [iii] in the coming hours.



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GBP/USD: pound entered into channel Tenkan-Kijun

Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the market is under strong resistance and prices entered into the channel Tenkan-Kijun.


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