EUR/USD: possible extension in the third wave

EUR/USD: possible extension in the third wave

Image20171004132400001.png

There's a pullback from 0/8 MM Level, so wave 4 may have been formed. Therefore, there's an opportunity to have an upward impulse in wave [i]. The main intraday target is 2/8 MM Level, which could be a departure point for a downward correction.

Image20171004132400002.png

As we can see on the one-hour chart, there's a possible extension in the third wave inside wave [i]. So, the market is likely going to continue moving up, which means we could have a new local high pretty soon.

eur

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