EUR/USD: 8/8 MM Level could send price lower

EUR/USD: 8/8 MM Level could send price lower


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). In this case, we should keep in mind 6/8 MM Level as the next intraday target.


As you can see on the one-hour chart, wave v of (c) achieved 8/8 MM Level, which could be a departure point for wave (i). Therefore, bears are likely going to test 6/8 MM Level in the coming hours.



GBP/USD: another 'V-Top' pattern

The pair is going to test the nearest support at 1.2684 - 1.2661. In this case, we could have a new local low within the next few hours...


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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