AUD/CHF reversed from resistance zone Next sell target - 0…
EUR/USD falling inside minor impulse wave (c)
- EUR/USD falling inside minor impulse wave (c)
- Next sell target -1.1660
EUR/USD continues to fall inside the minor impulse wave (c), which belongs to the ABC correction 4 from the start of this month. The price earlier broke the support zone lying between the support level 1.1900 and the support trendline of the sharp daily up channel - inside which the price has been rising from the start of September. EUR/USD is expected to fall to the next sell target at the next support level 1.1660 (low of the correction (iv)).
The market is likely going to test the 34 Moving Average. If a pullback from this line happens...
Bullish Ichimoku Cloud, but falling Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen with falling Tenkan-sen; the prices are on the support of Tenkan-sen and Kijun-sen and the Cloud.
Bullish Ichimoku Cloud with horizontal Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen, but the narrowing channel of Tenkan-Kijun; the market is under strong main resistance of 0.7880.