EUR/USD: bearish impulse arrived

EUR/USD: bearish impulse arrived

EUR/USD: bearish impulse arrived

There's a pullback from 6/8 MM Level, so wave 2 may have been ended like a double zigzag. Therefore, the market is likely going to form a bearish impulse in wave (i) in the short term.

EUR/USD: bearish impulse arrived

We've got a possible diagonal triangle in wave (c) of [y]. So, bears have formed an impulse in wave i, so we could have a correction in the coming hours. If a pullback from 7/8 MM Level happens, wave iii of (i) is likely going to begin.

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The pair has been trading in a bullish tone since November 9th but currently it’s off from November 17th highs and we can expect that it finds dynamic support in the 200 SMA…

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