EUR/USD: any reversal pattern so far

EUR/USD: any reversal pattern so far

1307eurusdh4.png

The pair has been declining since a pullback from the Moving Averages happened. There's no any reversal pattern so far, but if a pullback from the nearest support at 1.1603 happens next, there'll be a moment for an upward correction.

1307eurusdh1.png

We've got a bullish 'High Wave', which hasn't been confirmed yet. So, the market is likely going to test the lower 'Window' (1.1603) once again. A pullback from this level could be a starting point for a bullish correction.

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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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