NZD/JPY falling inside minor impulse wave C Next sell target - 76…
EUR/USD inside an offer zone
EUR/USD gained momentum during Wednesday’s session, following the Federal Reserve’s decision to hike rates for third time in 2017. That helped to the pair to test an offer area between the 50% and 65% Fibonacci zone. That’s why we’re expecting a decline to take place at the current stage in order to reach the next target to the upside in the -23.6% level at 1.1664.
RSI indicator remains in favor of the positive territory.
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.