EUR/USD: 4/8 MM Level acted as resistance twice

EUR/USD: 4/8 MM Level acted as resistance twice

Image20170706120322001.png

The price has been declining in wave [i] since a pullback from 3/8 MM Level was formed. The main bearish target is 0/8 MM Level, which could be a departure point for an upward correction.

Image20170706120322002.png

4/8 MM Level has acted as resistance twice. In this case, wave ii of (iii) may have been ended, so bears are likely going to deliver wave iii of (iii) in the coming hours. Therefore, we should keep in mind 1/8 MM Level as an intraday target.

eur

Similar

USD/JPY: bearish "Harami"

The pair is likely going to test the upper "Window", which could be a departure point for a downward correction...

Popular

promotions you can be interested in

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera