NZD/JPY falling inside minor impulse wave C Next sell target - 76…
EUR/USD: extension in wave [iii]
There's an opportunity to have an extension in wave [iii]. Previously, a zigzag in wave [ii] was formed. So, if a pullback from 6/8 MM Level happens in the coming hours, we're likely going to have another bullish rally.
We've got a developing zigzag in wave (ii), which hasn't been finished yet. The main intraday target is 6/8 MM Level, which could be a departure point for wave i of (iii).
We've got a bearish "High Wave", which has strong confirmation. In this case, the price is likely going to decline.
Growing concerns over Greek bailout, early elections in Italy and comments by the ECB President Mario Draghi about the need to maintain the bank’s extraordinary amount of monetary policy support…
The 144 Moving Average has acted as support, but there's a bearish "Engulfing' at the local high.