EUR/USD: zigzag in wave (iv)

EUR/USD: zigzag in wave (iv)


There's a pullback from 2/8 MM Level, so wave (iii) might have been formed. Also, wave (iv) hasn't been finished yet, so we should keep an eye on 3/8 MM Level as an intraday target. If a pullback from this level happens, there'll be an opportunity to have another bearish impulse in wave (v) of [iii].


Wave (iv) is taking the form of a zigzag. 3/8 MM Level has acted as resistance, so we could have wave b during the day. If a pullback from 2/8 MM Level happens little later on, bulls are likely going to deliver wave c of (iv).



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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