EUR/USD: wave (iii) nearly over

EUR/USD: wave (iii) nearly over

The pair is still consolidating under 7/8 MM Level. Therefore, there’s an opportunity to have a new local high in the short term. Anyway, wave (iii) is likely going to end soon, which means we could have wave (iv) later on.

As we can see on the one-hour chart, wave (iii) is taking form of a double zigzag. Also, we’ve got a possible triangle in wave [B], so bulls are likely going to deliver wave [C] of y of (iii) during the day. At the same time, there’s a chance to have wave a or w afterwards.



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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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