EUR/USD: bearish impulse arrived

EUR/USD: bearish impulse arrived

2019-11-11 • Updated

Image20170524121416001.png

We've got a pullback from 8/8 MM Level, so a double zigzag in wave [y] of 2 may have been formed. Therefore, we could have bearish wave (i) in the short term. In this case, we should keep an eye on 6/8 MM Level as an intraday target.

Image20170524121416002.png

There's a downward impulse in wave ii, so bulls are likely going to deliver a local correction. However, if we see a pullback from 8/8 MM level, there'll be an opportunity to have another bearish impulse in wave iii of (i).

Similar

EUR/USD Hit All Targets
EUR/USD Hit All Targets

4H Chart  Daily Chart  EURUSD managed to rise further on Friday inline with our expectations, reaching our entire targets mentioned in our previous notes at 1…

Latest news

XAUUSD: Bears Prepare To Takeover
XAUUSD: Bears Prepare To Takeover

On Friday, the gold price (XAUUSD) retreated from a recent two-week high, facing selling pressure. This decline was driven by hawkish minutes from the FOMC meeting, indicating the Fed's reluctance to cut interest rates. Elevated US Treasury bond yields, supported by a "higher-for-longer" narrative, further weakened demand for gold...

Deposit with your local payment systems

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

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