There’s a possible double zigzag in wave (iii). It’s likely that wave [C] of y is going to end soon.
Tag - eur
Monday’s “Window” are pushing the price even higher despite of the last “Belt Hold” pattern.
Now, when political risks amid French presidential elections have faded, euro traders will focus on the Thursday’s European Central Bank monetary policy meeting and press conference…
We’ve got a “Pennant” pattern, so the market is likely going to reach the next resistance at 1.0905 – 1.0918.
Bullish Ichimoku Cloud, but Senkou Span A and B are horizontal; a cancelled golden cross of Tenkan-sen and Kijun-sen, the lines are horizontal; the prices are under strong resistance on daily timeframe; the local market is overbought.
EUR/NZD rising inside intermediate impulse wave (3) Next buy target - 1…
Wave 2 has been continued, so there’s a new local high. Previously, we’ve got a wedge pattern in wave 1.
There’s a new “Window”, but we’ve got a bearish “Belt Hold” at the local high.
The last downward “Pennant” has been broken, wo we’ve got a “Breakaway Gap”.
The market’s attention is glued to the first round on French election on Sunday, April 23…
The 34 Moving Average has acted as a resistance, so we’ve got a “Doji” pattern on this line.
We’ve got a confirmed “Shooting Star”, but the price formed a pullback from the closest support.