EUR/USD: price declining in wave [i]

EUR/USD: price declining in wave [i]

Image20170704132626001.png

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.

Image20170704132626002.png

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.

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