EUR/USD: couple of pullbacks from 3/8 MM Level

EUR/USD: couple of pullbacks from 3/8 MM Level

Image20170711142707001.png

We've got a couple of pullbacks from 3/8 MM Level, so wave C of (E) may have been ended. Therefore, there's an opportunity to have a bearish impulse in wave [i]. However, this wave count will be unconfirmed until the price has fixated under 2/8 MM Level.

Image20170711142707002.png

It seems like we've got several first waves on the one-hour chart. Therefore, there's an opportunity to have an extension in wave iii of (iii). The main intraday target is 1/8 MM Level, which could be a departure point for an upward correction.

eur

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