EUR/USD: price to test the 34 Moving Average
The pair has been declining since the last 'Harami' formed. However, there's a bullish 'Hammer', which has been confirmed...
EUR/USD: ending diagonal pattern
It seems like wave 5 is going to take the form of an ending diagonal pattern. So, if a pullback from 5/8 MM Level happens, there'll be an opportunity to have wave [iii]. The main intraday target is +2/8 MM Level.
There's a pullback from 2/8 MM Level, so an ending diagonal in wave (c) might have been formed. In this case, we could have an upward impulse in wave (a) soon. Therefore, we should keep an eye on 6/8 MM Level as the next bullish target.
Igor Tolstykh
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