EUR/USD: developing wave (i)

EUR/USD: developing wave (i)

Image20170615172936001.png

The price hasn't fixed above 4/8 MM Level, so wave [c] of 2 may have been ended. Therefore, there's developing wave (i). If we have a pullback from 3/8 MM Level, bulls are likely going to deliver wave (ii).

Image20170615172936002.png

6/8 MM Level has acted as resistance, so there's a bearish rally, which could be developing wave (i). If this wave forms like an impulse, we're likely going to have the market even lower right after an upward correction.

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