EUR/USD: pullback from 7/8 MM Level

EUR/USD: pullback from 7/8 MM Level


It seems like we've got a bullish impulse in wave C. Also, there's a triangle in wave [iv]. So, there's an opportunity to have wave [i] in the short term. The main intraday target is 3/8 MM Level.


There's a pullback from 7/8 MM Level, so wave [v] of C may have been ended. Moreover, we've got a bearish impulse in wave (i). It's likely that bulls are going to deliver wave (ii) soon, so we could have the next bearish wave (iii) during the day.




EUR/USD: euro hung on Tenkan-Kijun

Narrowing bearish Ichimoku Cloud with rising Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen, but rising Tenkan-sen; the bulls could breakout the Kijun’s resistance.

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