EUR/USD: "High Wave" stopped bulls

EUR/USD: "High Wave" stopped bulls

2505eurusdh4.png

There are bearish patterns such are a "Tower" and a "Shooting Star", which both have been confirmed enough. Therefore, the market is likely going to test the 34 Moving Average in the short term. If we see a pullback from this line, there'll be an opportunity to have another upward price movement.

2505eurusdh1.png

We've got a bearish "High Wave" pattern, which has strong confirmation. In this case, the price is likely going to decline in the direction of the last low in the coming hours.

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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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