Tag - eur

The price is testing 7/8 MM Level, which previously has acted as a resistance. So, wave (iii) is likely going to end soon.

The 55 Moving Average has acted as a support, so the price is rising. At the same time, we’ve got an “Evening Star”.

There’s a possible “Triple Top” pattern, so the market is likely going to decline towards the nearest support at 1.0819 – 1.0729.

The market is likely going to test the nearest “Window”, which could act as a support.

Wave (iii) has been ended on 7/8 MM Level, so it’s time for correction.

On the EUR/JPYdaily chart, after reaching 161…

Bulls faced a resistance at 1.0951, so we’ve got a “Double Top”, which pushed the price to the “Wedge” pattern.

Expanding bullish Ichimoku Cloud, but Senkou Span A and B are horizontal; a golden cross of Tenkan-sen and Kijun-sen, the horizontal Kijun-sen; the prices are under strong resistance on daily timeframe; the local market is overbought and waiting for correction to Kijun-sen.

There’s a pullback from 7/8 MM Level, so wave (iii) ended, so bears are going to deliver wave (iv).

EUR/AUD broke resistance zone Next buy target - 1…

We’ve got a bearish “Tweezers”, so bears are likely going to test nearest “Window”.

Bulls have broken the “Wedge’s” upper side, but the price faced a resistance at 1.0951 afterwards.