In the late Friday afternoon, the AUD/USD pair is trading upwards after China published the statistics on the inflation.
Yesterday, the EUR/USD pair rebounded from the correctional retracement of 38.2% and started falling quickly.
The EUR/USD pair has reached the target at 1.06 and right now is consolidating.
Probably, the EUR/USD pair completed the double three in the wave 2 and then formed the descending impulse in the wave [i].
Yesterday, the EUR/USD pair rebounded quickly from the 1/8 level and started falling very fast.
GBP USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen intersected and formed “Dead Cross” (1), but the lines are still influenced by D “Golden Cross” (3).
At the H4 chart of EUR USD, Engulfing Bearish, Tower and Shooting Star patterns indicate a descending movement.