NZD/JPY falling inside minor impulse wave C Next sell target - 76…
EUR/USD: pullback from 0/8 MM Level
Wave 4 has been finished, cause there's a pullback from 0/8 MM Level. Also, there's an upward impulse in wave [i], so we've got developing wave [ii], which is about to end. In this case, we're likely going to have another upward impulse in wave [iii] of 5 soon.
There's a local decline, which could be wave [ii]. However, this bullish wave count will be unconfirmed until a bullish impulse in wave (i) arrives.
We've got a bearish "High Wave", which has strong confirmation. In this case, the price is likely going to decline.
Growing concerns over Greek bailout, early elections in Italy and comments by the ECB President Mario Draghi about the need to maintain the bank’s extraordinary amount of monetary policy support…
The 144 Moving Average has acted as support, but there's a bearish "Engulfing' at the local high.