EUR/USD: 'High Wave' pushing price higher

2019-01-11 22:00    FBS

EUR/USD: 'High Wave' pushing price higher Institution Opinions 1

There's a pullback from the 0.5 retracement of the last huge green candle, so we've got a 'High Wave' pattern, which has been confirmed enough. Thus, we should watch the next resistance at 1.1597 as an intraday target. The subsequent pullback from this level could lead to a decline towards the nearest support at 1.1496.

EUR/USD: 'High Wave' pushing price higher Institution Opinions 2

The last bullish 'Tower' and 'High Wave' patterns have been confirmed, so the pair is likely going to achieve the upper 'Window' at 1.1555 shortly. If a pullback from this level happens little later on, the market will probably try to reach the previously tested support at 1.1514.

EUR

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