EUR/USD: "Diagonal Triangle" going to be continued

EUR/USD: "Diagonal Triangle" going to be continued


A diagonal triangle in wave (v) is likely going to be continued. The main intraday target is 5/8 MM Level, which could act as resistance. If so, we should keep in mind 3/8 MM Level as an intraday bearish target.


It seems like we've got a zigzag in wave ii. Also, the price came back above 8/8 MM Level, so there's an opportunity to have another zigzag in wave iii of (v). In this case, we're going to have a new local high in the coming hours.



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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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