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

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