Wave 4 turned out to be bigger, so 5/8 MM Level is likely going to be tested once again. If a pullback from this level arrives later on...
Tag - eur
EUR/AUD has been correcting the cycle initiated from July’s lows and looks forward to gather momentum in order to reach new highs across the board…
We've got a pullback from 5/8 MM Level, so wave 4 has been ended. The price is rising, so we could have a bullish impulse in wave 5.
There's a reversal "Doji" pattern, which hasn't been confirmed yet. Therefore, the market is likely going to test the 34 MA...
Bulls faced with resistance at 1.2029, so the price is likely going to decline towards the nearest support area at 1.2003 - 1.1975...
EUR/USD reversed from support area Next buy target - 1…
EUR/CAD rising inside intermediate impulse wave (3) Next buy target - 1…
We've got a "High Wave", which has been confirmed. In this case, we're likely going to have a local decline towards the 34 MA...
The 34 Moving Average has acted as support, so the price is rising. So, we should keep an eye on the next resistance...
Expanding bullish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen with rising lines; the prices are breaking out the upper bound of the Cloud and may going higher.
3/8 MM Level has acted as support, so the price is rising. It seems like we're going to have an extension in wave [iii] of 5.
Bears in the EUR/GBP pair remain strong and the outlook remains bearish across the board…