EUR/USD: possible wedge pattern

EUR/USD: possible wedge pattern


The price has been consolidating since an impulse in wave [iii] finished. It seems like we could have a zigzag in wave [iv]. So, we could have another bearish impulse in wave (c) of [iv] pretty soon.


There's a possible wedge pattern in wave (a) of [iv]. Therefore, we could have wave (b), which is likely going to take the form of a double zigzag. In this case, we should keep an eye on 6/8 MM Level as an intraday bullish target.



USD/JPY: "Tweezers" led to decline

The pair is likely going to test lower "Window" in the short term. If a pullback from this level happens, we could have an upward correction...


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