EUR/USD: bullish "High Wave"

EUR/USD: bullish "High Wave"


The price has reached the lower “Window”, so we’ve got a “High Wave”, but confirmation of this pattern is a quite weak. Therefore, the “Window” is likely going to act as support once again in the short term.


There’s a bullish “Engulfing” pattern at the last low. However, we’ve got a bearish “Harami” on the 34 Moving Average, but this pattern hasn’t been confirmed yet. In this case, bulls are likely going to test the nearest resistance in the coming hours.



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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