EUR/USD: bullish 'High Wave'
The pair is likely going to test the nearest resistance at 1.1502. If a pullback from this level happens next...
EUR/USD: bulls going to test next resistance
The price is still rising, but we've got a bearish "High Wave" at the local high, so there's a local consolidation. However, bulls are likely going to test the next resistance in the short term. If a pullback from this level happens afterwards, there'll be an opportunity to have a bearish correction.
We've got a "Shooting Star", but this pattern is unconfirmed, cause the last candles have been closed above the middle of the huge white candle. In this case, the market is likely going to continue moving up.
Galya Svetlova
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