EUR/USD: 8/8 MM Level going to act as resistance

EUR/USD: 8/8 MM Level going to act as resistance

Image20170519150756001.png

The price is still rising, so bulls are likely going to test 8/8 MM Level in the coming hours. If a pullback from this level happens, there'll be an opportunity to have a bearish wave (i). In this case, we should keep an eye on 6/8 MM Level as an intraday target.

Image20170519150756002.png

We've just got a new local high. Previously, the price couldn't fixate under 6/8 MM Level. Therefore, wave v of (c) is likely going to be continued towards 8/8 MM Level, which could be a departure point for wave i of (i).

eur

Similar

USD/JPY: "Tweezers" led to decline

The pair is likely going to test lower "Window" in the short term. If a pullback from this level happens, we could have an upward 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