EUR/JPY broke key support level 131…
EUR/USD: price still rising in wave [v] of C
The price is still rising in wave [v] of C. The main intraday target is 8/8 MM Level. If we have a pullback from this level, there'll be an opportunity to have a downward price movement.
As we can see on the one-hour chart, the price is rising in wave (v) of [v] since a pullback from 1/8 MM Level happened. Therefore, bulls are likely going to test 4/8 MM Level soon.
There isn't any reversal pattern so far. If the 21 MA acts as resistance, we're likely going to have just another decline...
Expanding bullish Ichimoku Cloud with rising Senkou Span A; a cancelled golden cross of Tenkan-sen and Kijun-sen; the prices are returned to the support of Tenkan and Kijun and may go higher.
Narrow bearish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen, but the lines are horizontal; the Bulls can’t breaking out the resistance of upper border of the Cloud and the market may return to 113.00.