EUR/USD: wave (iii) of [v] may have been formed

EUR/USD: wave (iii) of [v] may have been formed


The price is still rising in wave C of (E). It seems like wave [v] of C is likely going to be continued. In this case, we should keep an eye on 6/8 MM Level as an intraday bullish target.


As we can see on the one-hour chart, wave (iii) of [v] may have been formed. However, if the price fixates above 2/8 MM Level, there'll be an opportunity to have wave (v) of [v]. The main target is 4/8 MM Level.



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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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