EUR/USD: bearish impulse

EUR/USD: bearish impulse


An impulse in wave [c] of 2 may have been ended, so the price found a lodgement under 4/8 MM Level. In this case, there's an opportunity to have a bearish impulse in wave (i).


We've got a pullback from 8/8 MM Level, so wave iv ended on the one-hour chart. Therefore, bears are likely going to deliver wave v of (i) in the coming hours. If so, we should keep in mind 4/8 MM Level as an intraday target.




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