EUR/USD: "Diagonal Triangle" going to be continued

EUR/USD: "Diagonal Triangle" going to be continued

Image20170608001840001.png

A diagonal triangle in wave (v) is likely going to be continued. The main intraday target is 5/8 MM Level, which could act as resistance. If so, we should keep in mind 3/8 MM Level as an intraday bearish target.

Image20170608001840002.png

It seems like we've got a zigzag in wave ii. Also, the price came back above 8/8 MM Level, so there's an opportunity to have another zigzag in wave iii of (v). In this case, we're going to have a new local high in the coming hours.

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