EUR/USD: bearish 'High Wave'

EUR/USD: bearish 'High Wave'

1805eurusdh4 (1).png

There's a bearish 'Three Methods', so the market is likely going to test the nearest support area. Meanwhile, if any bullish pattern forms little later on, there'll be a moment for an upward correction.

1805eurusdh1 (1).png

We've got a bearish 'High Wave', which has been formed under the Moving Averages. So, we should keep an eye on the lower 'Window' as the next intraday target. A pullback from this level could be a starting point for a bullish correction.



Latest news

AUD/JPY looks exposed

AUD/JPY formed a “shooting star” candlestickon the W1. This week, it’s testing levels below the 50-week MA at 75.45.

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