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.



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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.


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