EUR/USD rising inside minor impulse wave 5

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.




EUR/USD: euro hung on Tenkan-Kijun

Narrowing bearish Ichimoku Cloud with rising Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen, but rising Tenkan-sen; the bulls could breakout the Kijun’s resistance.

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