EUR/USD: 1/8 MM Level acted as support again

EUR/USD: 1/8 MM Level acted as support again

Image20171018164740001.png

Wave [ii] may have been formed, so there's an opportunity to have an upward impulse in wave [iii]. Previously we had a zigzag in wave 4. The main intraday target is 6/8 MM Level.

Image20171018164740002.png

1/8 MM Level acted as support one more time, so there's a developing bullish impulse, which could be wave (i). In this case, the price is likely going to test 3/8 MM Level in the coming hours.

eur

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