EUR/USD: new high coming soon

EUR/USD: new high coming soon

Image20170608001840001.png

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.

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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.

eur

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It's likely to have a local upward correction towards the nearest resistance at 1.3030 and the Moving Averages...

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GBP/USD: pound entered into channel Tenkan-Kijun

Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the market is under strong resistance and prices entered into the channel Tenkan-Kijun.

gbp

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