EUR/USD: wave 2 is almost complete

EUR/USD: wave 2 is almost complete

EUR/USD: wave 2 is almost complete

It seems like wave 2 is taking form of a zigzag. So, there’s an impulse in wave [c] of 2. Wave (v) of [c] is likely going to end soon, so there’s an opportunity to have a downward correction in the short term.

EUR/USD: wave 2 is almost complete

As we can see on the one-hour chart, there’s a bullish impulse in wave (v) of [c]. The main intraday target is 7/8 MM Level, which could be a departure point for a bearish correction.

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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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