EUR/USD rising inside impulse waves (iii) and C

EUR/USD rising inside impulse waves (iii) and C

  • EUR/USD rising inside impulse waves (iii) and C
  • Next buy target - 1.1260

EUR/USD continues to rise inside the minor impulse (iii), which earlier reversed up from the support zone lying between the support level 1.1100 and the upper trendline of the recently broken daily up channel from the start of this year (acting as support after it was broken earlier this month).

If the pair closes today near the current levels it will form the daily Japanese candlesticks reversal pattern Bullish Engulfing. EUR/USD is expected to rise further in the active impulse waves (iii) and C toward the next buy target at the resistance level 1.1260 (forecast price for the completion of the active wave C).



Latest news

GBP/USD: pound entered into channel Tenkan-Kijun

Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the market is under strong resistance and prices entered into the channel Tenkan-Kijun.


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