EUR/USD: ending diagonal pattern

EUR/USD: ending diagonal pattern

Image20171207150302001.png

It seems like wave 5 is going to take the form of an ending diagonal pattern. So, if a pullback from 5/8 MM Level happens, there'll be an opportunity to have wave [iii]. The main intraday target is +2/8 MM Level.

Image20171207150302002.png

There's a pullback from 2/8 MM Level, so an ending diagonal in wave (c) might have been formed. In this case, we could have an upward impulse in wave (a) soon. Therefore, we should keep an eye on 6/8 MM Level as the next bullish target.

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