EUR/USD: developing bullish impulse

EUR/USD: developing bullish impulse

Image20171117141538001.png

There's a developing bullish impulse, which could be wave [i]. Also, we've got a pullback from 5/8 MM Level, so there's an opportunity to have wave (v) of [i]. The main intraday target is 7/8 MM Level, which could be a departure point for wave [ii].

Image20171117141538002.png

The 34 Moving Average has acted as support once again, so wave (iv) might have been formed. In this case, bulls are likely going to deliver wave (v) of [i] in the coming hours. In this case, the high of wave (iii) will be broken pretty soon.

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