EUR/USD: another pullback from 4/8 MM Level

EUR/USD: another pullback from 4/8 MM Level


There's another pullback from 4/8 MM Level, so wave [ii] might have been formed. In this case, we're likely going to have an upward impulse in wave [iii]. The nearest bullish target is +2/8 MM Level.


4/8 MM Level acted as support, so the price is rising. It seems like wave (i) is about to end. If correct, there's an opportunity to have wave (ii) in the short term.




EUR/USD: euro hung on Tenkan-Kijun

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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