EUR/USD: bearish "High Wave"

EUR/USD: bearish "High Wave"

0803eurusdH4 (1).png

There's a bearish "High Wave", which has been confirmed. So, the market is likely going to test the 55 Moving Average, which could be a departure point for another upward price movement.

0803eurusdH1 (1).png

The upper "Window" has acted as resistance, so the price is declining. The main intraday target is the 144 Moving Average. If a pullback from this line happens little later on, there'll be a moment for a bullish price movement.



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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