EUR/USD: consolidation under Moving Averages
The price is going to achieve the nearest resistance at 1.1413 soon. A pullback from this level could turn out...
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)).
Dmitry Chernovolov
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