EUR/USD: price fixated under 5/8 MM Level

EUR/USD: price fixated under 5/8 MM Level

Image20170720115812001.png

The price has fixated under 5/8 MM Level, so there's an opportunity to have a bearish impulse in wave [i]. The main intraday target is 3/8 MM Level, which could be a departure point for a local upward correction.

Image20170720115812002.png

We've got a pullback from 7/8 MM Level on the one hour chart, so wave [v] of C may have been formed. The price is declining in wave (iii) of [i]. It seems like bears are ready to test 3/8 MM Level soon.

eur

Similar

Popular

EUR/USD: euro hung on Tenkan-Kijun

Narrowing bearish Ichimoku Cloud with rising Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen, but rising Tenkan-sen; the bulls could breakout the Kijun’s resistance.

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera