EUR/USD: new high coming soon

EUR/USD: new high coming soon


There's a developing diagonal triangle in wave (v) of [c], which is taking place on the four-hours chart. The main intraday target is 5/8 MM Level, which could act as resistance. If so, there'll be an opportunity to have a bearish price movement towards 3/8 MM Level.


It seems like we've got a zigzag in wave ii with a triangle in wave [B]. Therefore, bulls are likely going to deliver wave iii, which means we could have a new local high in the coming hours. If +2/8 MM Level breaks, the Murray math indication will be updated.



Latest news

GBP/USD: confirmed "Thorn" pattern

The last "Pennant" pattern has been broken, so bulls found resistance at 1.2915. Nevertheless, the market is likely going to move on, so we should...


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