EUR/USD: pullback from 7/8 MM Level

EUR/USD: pullback from 7/8 MM Level

Image20180212223408001.png

There's a pullback from the 7/8 MM Level, so wave 5 of (C) might have been formed. Therefore, there's an opportunity to have wave 1 in the short term.

Image20180212223408002.png

It's likely that wave 1 is going to take the form of a leading diagonal pattern. If correct, we're going to have wave [v] after wave [iv].

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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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