Bulls have broken the last "Triangle", but price faced resistance at 1.0991, so there's a consolidation.
Tag - eur
EUR/AUD broke pivotal resistance level 1…
If a pullback from the upper side of the current ending diagonal happens, there’ll be time for correction.
We’ve got a pullback from the 89 MA. However, there’s a “Shooting Star”, but a confirmation of this pattern is a quite weak.
The decisive second round of French presidential election will take place on Sunday, May 7…
The price is still consolidating near the upper side of the current “Wedge”. At the same time, there’s a possible “Triple Top”.
Expanding bullish Ichimoku Cloud, rising Senkou Span A; a cancelled golden cross of Tenkan-sen and Kijun-sen, but rising Kijun-sen; the prices are on the support of the Cloud.
We’ve got bearish patterns such a “Tweezers”, a “Shooting Star” and a “Tower”.
An upward zigzag in wave y of (iii) has been ended, so the price found a lodgment under 7/8 MM Level.
Forex analysts jointly expect the euro to extend its gains over the medium term…
If any bearish pattern arrives in the coming hours, we could have a downward correction.
Wave (iii) is likely going to end soon, which means we could have wave (iv) soon.