EUR/USD: "Tower" and "High Wave"

EUR/USD: "Tower" and "High Wave"


We've got a "Tower" and a "High Wave", but both patterns haven't been confirmed yet. So, the price is likely going to test the nearest resistance. If a pullback from this level happens, there'll be an opportunity to have another decline towards the closest "Window".


There's a "High Wave", which has been confirmed enough. Also, we've got an unconfirmed "Shooting Star". In this case, we could have a local bearish correction, but bulls are likely going to test the Moving Averages afterwards.



Latest news

GBP/USD: pound entered into channel Tenkan-Kijun

Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the market is under strong resistance and prices entered into the channel Tenkan-Kijun.


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