EUR/USD: wave ii going to end

EUR/USD: wave ii going to end

EUR/USD: wave ii going to end

There's a pullback from 6/8 MM Level, so wave 2 may have been ended in the form of a double zigzag. Therefore, we could have a bearish impulse in wave (i). The main intraday target is 4/8 MM Level.

EUR/USD: wave ii going to end

As we can see on the one-hour chart, there's a bearish impulse in wave i with a triangle in wave [4]. Also, we've got a pullback from 4/8 MM Level, so bulls are likely going to deliver wave ii, which could take the form of a zigzag. If a pullback from 5/8 MM Level happens afterwards, bears will try to break the last low.



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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