EUR/USD: Developing Ending Diagonal

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.



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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