USD/JPY: 'Three Methods' pattern still in force
If a pullback from the nearest resistance at 111.62 happens little later on, bears will probably try to test the lower 'Window'...
EUR/USD rising inside minor impulse wave 5
- EUR/USD rising inside minor impulse wave 5
- Next buy target - 1.1700
EUR/USD continues to rise inside the minor impulse wave 5, which earlier broke through the key resistance level 1.1500 (which was set as the buy target in our previous forecast for this currency pair). The price earlier corrected down to retest the support level 1.1500 – from where the pair reversed sharply up – continuing the active impulse waves (iii) and 5. EUR/USD is expected to rise to the next buy target at the next resistance level 1.1700. Strong support now stands at the aforementioned price level 1.1500.
Dmitry Chernovolov
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