EUR/USD: double zigzag in wave [ii]

The price is likely going to test 0/8 MM Level in the coming hours. If we have a pullback from this level, wave [ii] likely will be ended. In this case, there'll be an opportunity to have another upward impulse in wave [iii].

It seems like wave [ii] is taking the form of a double zigzag on the one-hour chart. So, bears are likely going to test 0/8 MM Level, which could be a departure point for wave (i). In this case, the low of wave (w) will be broken in the coming hours.

Igor Tolstykh

Similar

19.07.2018 20:31 CAD/JPY reversed from resistance zone

CAD/JPY reversed from resistance zone Next sell target - 84…

jpy cad

19.07.2018 20:30 GBP/CHF broke powerful support level 1.3040

GBP/CHF broke powerful support level 1…

gbp chf

19.07.2018 15:48 USD/JPY: bullish 'High Wave'

The main intraday target is the next resistance at 113.53, which could be a starting point for a bearish correction...

jpy

Popular

23.06.2017 08:56 EUR/USD: euro hung on Tenkan-Kijun

Narrowing bearish Ichimoku Cloud with rising Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen, but rising Tenkan-sen; the bulls could breakout the Kijun’s resistance.

17.08.2017 23:02 GBP/JPY broke support level 141.30

GBP/JPY broke support level 141…

gbp jpy

24.05.2017 06:22 USD/CHF: bears saw a dragon

Recommendation: BUY 0,9765 SL 0,971 TP1 0,985 TP2 0,9895…