EUR/USD: leading diagonal in wave a

EUR/USD: leading diagonal in wave a

Image20171101140248001.png

Wave (iv) has been developing since a pullback from 2/8 MM Level happens. It's likely that 3/8 MM Level is going to act as resistance once again. So, if we have another pullback from this level, there'll be an opportunity to have wave (v) of [iii].

Image20171101140248002.png

There's a leading diagonal in wave a, so bears are likely going to deliver wave b in the coming hours. If 6/8 MM Level acts as support, we could have another upward price movement, which could be wave c of (iv).

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