EURUSD: bearish "High Wave"

EURUSD: bearish "High Wave"

1601eurusdH4 (2).png

There's a bearish "High Wave", so we could have a local downward correction towards the nearest support. If a pullback from this area happens, there'll be a moment to have another bullish price movement.

1601eurusdH1 (2).png

The last "Shooting Star" has been confirmed, so the price is declining. Meanwhile, if the 34 Moving Average acts as support, bulls will probably try to deliver a new local high.



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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