EUR/USD: developing leading diagonal

EUR/USD: developing leading diagonal


There's a developing leading diagonal in wave 1. It's likely that wave [iv] is going to end soon, so we could have wave [v] inside the pattern in the short term.


As we can see on the one-hour chart, wave [iv] is likely going to take the form of a zigzag. The main intraday target is 3/8 MM Level, which could be a departure point for wave (a) of [v].



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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