EUR/USD: wave (ii) going to end

EUR/USD: wave (ii) going to end

EUR/USD: wave (ii) going to end

The price is still consolidating between the 3/8 and 2/8 MM Levels. Meanwhile, wave (ii) is likely going to end soon. So, if a pullback from 3/8 MM Level be on the table, there’ll be an opportunity to have another bearish impulse in wave (iii).

EUR/USD: wave (ii) going to end

It seems like wave (ii) is taking form of a flat pattern. In this case, bulls are likely going to deliver an upward impulse in wave c of (ii). Under this circumstances, we should keep an eye on -1/8 MM Level, which could be a departure point for wave i of (iii).



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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