EUR/USD: wave (iii) started

EUR/USD: wave (iii) started

EUR/USD: wave (iii) started

We’ve got a zigzag in wave 2, so bears have delivered wave (i). Wave (ii) was ended last week, so there’s an opportunity to have another downward impulse in wave (iii). The main intraday target is -2/8 MM Level.

EUR/USD: wave (iii) started

As you can see on the one-hour chart, there’s a flat pattern in wave (ii). In this case, we could have wave i in the short term. If a pullback from 0/8 MM Level happens afterwards, bulls will probably try to deliver an upward correction.

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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.

gbp

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