![EUR/USD: price declining in wave [i]](/img/articles/1982/Tcljv3V6CexpE95g_1280x600_q70v3.jpg)
GBP/USD: 'V-Top' pattern points to decline
We should keep an eye on the 34 MA as an intraday target. A pullback from this line could be a departure point for...
EUR/USD: price declining in wave [i]
The price is still declining in wave [i]. Previously, wave [v] of C has been ended near 7/8 MM Level. So, the market is likely going to continue moving down towards 4/8 MM Level.
There's a bearish impulse, which could be wave (i), so bulls are likely going to deliver wave (ii) in the coming hours. Nevertheless, we could have another bearish impulse in wave (iii) afterwards.
Igor Tolstykh
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