GBP/NZD reversed from resistance zone Next sell target - 1…
EUR/USD rising inside minor impulse wave 5
- EUR/USD rising inside minor impulse wave 5
- Next buy target - 1.2325
EUR/USD continues to rise inside the minor impulse wave 5 – which previously broke through the major resistance level 1.2100 (which stopped the previous sharp impulse waves from August, September and in January, as can be seen below). The active impulse wave 5 belongs to the intermediate impulse wave (3) from December. EUR/USD expected to rise toward the next buy target at the next resistance level 1.2325.
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…
CHF/JPY broke powerful resistance level 115…