NZD/JPY falling inside minor impulse wave C Next sell target - 76…
EUR/USD rising inside intermediate impulse wave (3)
- EUR/USD rising inside intermediate impulse wave (3)
- Next buy target - 1.1950
EUR/USD continues to rise inside the intermediate impulse wave (3) which started earlier from the support zone located between the support level 1.1730 (which reversed the price with the daily Morning Star in November), lower daily Bollinger Band and the 50% Fibonacci correction of the previous intermediate impulse wave (1). EUR/USD is expected to rise toward the next buy target at the next resistance level 1.1950 (top of the previous impulse wave (1)).
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.