EUR/USD:  pullback from 7/8 MM Level

EUR/USD: pullback from 7/8 MM Level

Image20170830140033001.png

There's a pullback from 7/8 MM Level, so wave [v] of 3 may have been formed. In this case, we could have a bearish impulse in wave [a]. The main intraday target is 5/8 MM Level.

Image20170830140033002.png

We've got a downward impulse in wave (i), so bears are likely going to deliver wave (iii) during the day. If a pullback from 2/8 MM Level happens little later on, there'll be an opportunity to have an upward correction.

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