EUR/USD: price fixated under 7/8 MM Level

EUR/USD: price fixated under 7/8 MM Level

Image20170726134639001.png

The price fixated under 7/8 MM Level, so wave [v] of 3 may have been formed. Therefore, we could have a downward impulse in wave [a]. The main intraday target is 5/8 MM Level.

Image20170726134639002.png

The last triangle in wave (iv) led to form wave (v) of [v]. Also, we've got bearish wave (i). It seems like wave (ii) is about to end, so we could have another downward impulse in wave (iii) soon.

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