EUR/USD: possible ending diagonal

EUR/USD: possible ending diagonal

Image20171212182935001.png

There's a possible ending diagonal in wave 5. If correct, we're likely going to have wave [iii] inside this pattern. So, we should keep an eye on +2/8 MM Level as the next bullish target.

Image20171212182935002.png

We've got an upward impulse, which could be wave i. If so, wave ii is about to end. Therefore, there's an opportunity to have wave iii of (a). The main intraday target is 5/8 MM Levels.

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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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