EUR/USD:  wave (ii) finished on 2/8 MM Level

EUR/USD: wave (ii) finished on 2/8 MM Level


The price fixated above 1/8 MM Level, so wave [ii] may have been formed. Therefore, we're likely going to have another upward impulse in wave [iii]. The main intraday target is 6/8 MM Level.


1/8 MM Level has acted as support twice, so the price is rising. Wave (ii) was finished on 2/8 MM Level just a few hours ago. So, bulls are likely going to test 7/8 MM level in the coming hours.




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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