EUR/USD falling inside impulse wave C

EUR/USD falling inside impulse wave C

  • EUR/USD falling inside impulse wave C
  • Next sell target - 1.1900

 EUR/USD has been falling in the last few trading sessions inside the minor impulse wave C of the active intermediate ABC correction (2) from February. The pair earlier broke through the strong supports 1.2200 and 1.2100   - both of these breakouts strengthened the bearish pressure on this currency pair. EUR/USD is expected to fall toward the next sell target at next round support level 1.1900 (target price for the completion of the active impulse wave C).




EUR/USD: euro hung on Tenkan-Kijun

Narrowing bearish Ichimoku Cloud with rising Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen, but rising Tenkan-sen; the bulls could breakout the Kijun’s resistance.

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