EUR/USD: 4/8 MM Level acted as support

EUR/USD: 4/8 MM Level acted as support

Image20171222172301001.png

There's a developing ending diagonal in wave 5 on the four-hour chart. It's likely that wave [iii] is going to move on. The main intraday target is +2/8 MM Level.

Image20171222172301002.png

4/8 MM Level acted as support, so wave ii might have been formed. Therefore, we're likely going to have an upward price movement in wave iii of (c) of [iii] in the coming hours.

eur

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