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

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


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.


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.



Latest news

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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