EUR/USD: bears going to deliver another impulse

EUR/USD: bears going to deliver another impulse


The price is still consolidating under 4/8 MM Level. The main target for wave (i) is 3/8 MM Level, which could be a departure point for wave (ii). Anyway, bears are likely going to deliver wave (iii) afterwards.


There's a pullback from 2/8 MM Level, so wave iv of (i) may have been formed. Therefore, we could have wave v of (i) in the coming hours. However, if a pullback from 0/8 MM Level happens, there'll be an opportunity to have wave (ii).




EUR/USD: "Double Top" pattern

Bulls faced with resistance at 1.2029, so the price is likely going to decline towards the nearest support area at 1.2003 - 1.1975...

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