EUR/USD: possible triangle in wave (iv)

EUR/USD: possible triangle in wave (iv)


The price is consolidating near 7/8 MM Level. Wave (iv) is likely going to end soon, so we could have another bullish impulse in wave (v) of [v] in the short term. The main intraday target is 8/8 MM Level.


There's a possible triangle in wave (iv). The price is likely going to test the lower side of this pattern during the day. If we have a pullback from this level, there'll be an opportunity to have a new local high.




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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