EUR/USD: price is forming wave [v] of 3

EUR/USD: price is forming wave [v] of 3

Image20170721144944001.png

The main wave count has been changed. It seems like there's a developing flat pattern in wave [B]. Therefore, we've got an upward impulse in wave (C), which is taking place on the Daily chart. Wave 3 is likely about to end, so we could have Wave 4 of (C) soon.

Image20170721144944002.png

The price is forming wave [v] of 3. We've got a pullback from 7/8 MM Level, so wave (iii) may have been ended. In this case, we should keep an eye on 6/8 MM Level as the nearest target for wave (iv) of [v].

eur

Similar

Latest news

GBP/USD: confirmed "Thorn" pattern

The last "Pennant" pattern has been broken, so bulls found resistance at 1.2915. Nevertheless, the market is likely going to move on, so we should...

gbp

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