EUR/USD: bearish 'Engulfing' pattern
The market is likely going to test the nearest support at 1.1730. If a pullback from this level forms next, bulls will probably try to...
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.
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.
Igor Tolstykh
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