EUR/USD: another pullback from 7/8 MM Level

EUR/USD: another pullback from 7/8 MM Level

There’s another pullback from 7/8 MM Level, so wave (iii) was likely ended. Therefore, there’s an opportunity to have a downward correction. The main target for wave (iv) is 4/8 MM Level.

An upward zigzag in wave y of (iii) has been ended, so the price found a lodgment under 7/8 MM Level. Previously, a triangle in wave [B] was formed. In this case, we could have wave a or w in the coming days.

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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.

gbp

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