EUR/USD: 1/8 MM Level acted as support

EUR/USD: 1/8 MM Level acted as support

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There's an opportunity to have an ending diagonal in wave 5. If correct, bulls are going to deliver an upward impulse in wave [iii] in the coming hours. The main intraday target is +2/8 MM Level.

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1/8 MM Level has acted as support, so the price is rising. Therefore, wave [ii] might have been formed like a zigzag. In this case, we're likely going to have an upward impulse in wave (a) soon.

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Narrowing bearish Ichimoku Cloud with rising Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen, but rising Tenkan-sen; the bulls could breakout the Kijun’s resistance.

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