EUR/USD: wave 2 ended

EUR/USD: wave 2 ended

EUR/USD: wave 2 ended

Wave 2 has been formed like a zigzag. -1/8 MM Level acted as a resistance, so the price is declining in wave (i). The nearest bearish target is 8/8 MM Level, which could be a departure point for a local upward correction.


EUR/USD: wave 2 ended'

Bulls have delivered wave (v) of [c], so wave 2 ended. Therefore, we’ve got developing wave (i). In this case, wave iii of (i) is likely going to be continued during the day. The main intraday target is 4/8 MM Level.



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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