EUR/USD: upward impulse ready to end

EUR/USD: upward impulse ready to end


The price has been rising since a pullback from 4/8 MM Level happened. So, there's an opportunity to have an extension in wave [iii]. However, it's likely to have a local downward correction, so we should keep an eye on 6/8 MM Level as an intraday target.


The current upward impulse is ready to end, which means we could have wave (ii) in the coming hours. The main bearish target is 6/8 MM Level, which could be a departure point for another bullish rally.



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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