Technical analysis of NZD/CHF
EUR/USD: Developing Ending Diagonal
There's a developing ending diagonal, which could be wave 5. It's likely that wave [iii] is about to end, so we're likely going to have a bearish correction towards 2/8 MM Level.
An impulse in wave (c) of [iii] hasn't been finished yet. Moreover, if the price fixates above 5/8 MM Level, there'll be an opportunity to have wave v of (c). In this case, we should keep an eye on 7/8 MM Level as the next bullish target.
If we see a pullback from the lower 'Window', the pair is likely going to test the nearest Moving Averages...
Bearish Ichimoku Cloud with falling Senkou Span A and rising Senkou Span B; a dead cross of Tenkan-sen and Kijun-sen with falling lines.
The picture on W1 looks very much like the “Head and Shoulders” with the neckline at 3.68 or 3.56.