EUR/USD: possible ending diagonal

EUR/USD: possible ending diagonal

Image20170906140333001.png

The price is still consolidating under 4/8 MM Level, which could be a departure point for wave [c]. The main target for wave 4 is 1/8 MM Level. If we have a pullback from this level, bulls are likely going to deliver another upward impulse.

Image20170906140333002.png

There's a possible ending diagonal in wave (c) of [b]. If a pullback from 4/8 MM Level happens, there'll be an opportunity to have a bearish impulse in wave [c] of 4. If so, we should keep an eye on 1/8 MM Level as an intraday target.

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