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

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

Image20171227075903001.png

The price is still trading above 6/8 MM Level, so wave [iii] is likely going to move on. The main intraday target is +2/8 MM Level, which could be a departure point for wave [iv].

Image20171227075903002.png

4/8 MM Level has acted as support, so there's a leading diagonal in wave [1]. Considering that wave [2] is likely ended, there's an opportunity to have a bullish impulse in wave [3] of iii of (c).

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