Tag - eur

EUR/NZD reached buy target 1…

We've got bearish patterns such a "Tower" and a "High Wave", which both have confirmation.

We've got a pullback from 8/8 MM Level, so a double zigzag in wave [y] of 2 may have been formed.

The last "Double Top" pushed the price lower, so bears meet with support at 1.1171. Also, there's a "Flag" pattern.

EUR/AUD reversed from resistance level 1…

The price is trying to form a pullback from 8/8 MM Level, so wave [y] of 2 may have been ended.

The price has been rising since the last "Hammer" was formed on the lower "Window".

The price faced resistance at 1.1249, so there's a consolidation. Also, we've got a "Double Top" pattern.

We've got a "Morning Star", which has been confirmed, so the price is moving up.

The price reached 8/8 MM Level, so wave (c) of [y] may have been ended, which means there's an opportunity to have bearish wave (i).

Bulls faced resistance at 1.1204. However, the price is likely going to move on towards the next resistance at 1.1232 - 1.1249.

Bullish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen, but Tenkan-sen is horizontal; expecting a bouncing from the daily resistance near 1.2330/50.