EUR/USD: pullback from 0/8 MM Level

EUR/USD: pullback from 0/8 MM Level


There's a pullback from 0/8 MM Level, so wave 4 may have been formed. The price is rising and it seems like wave [i] is about to end. So, if 2/8 MM Level acts as resistance, we could have wave [ii].


We've got a developing bullish impulse, which could be wave [i]. The main target for wave (v) is 2/8 MM Level, which could be a departure point for a local bearish correction.



GBP/USD: another 'V-Top' pattern

The pair is going to test the nearest support at 1.2684 - 1.2661. In this case, we could have a new local low within the next few hours...


Latest news

GBP/USD: confirmed "Thorn" pattern

The last "Pennant" pattern has been broken, so bulls found resistance at 1.2915. Nevertheless, the market is likely going to move on, so we should...


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