EUR/USD: developing impulse in wave [c] of 4

EUR/USD: developing impulse in wave [c] of 4

Image20170905124715001.png

An extension in wave 3 has been finished under 3/8 MM Level, so there's developing wave 4, which is likely going to take the form of a zigzag. If the price doesn't find a lodgement below 1/8 MM Level, there'll be an opportunity to have another bullish impulse.

Image20170905124715002.png

Wave [b] has been formed like a zigzag, so there's a developing impulse in wave [c] of 4. It's likely that wave (iii) of [c] is going to move on, so we could have a new local low pretty soon. The main target for wave [c] is 1/8 MM Level.

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