EUR/USD: pullback from 6/8 MM Level

EUR/USD: pullback from 6/8 MM Level

Image20170718120548001.png

It's likely that the current ending diagonal pattern has been formed. Therefore, if the price fixates under 5/8 MM Level, bears are going to deliver an impulse in wave (i). The main intraday target is 3/8 MM Level.

Image20170718120548002.png

There's a pullback from 6/8 MM Level. So, if the pair comes back to the upper side of the diagonal, there'll be an opportunity to have wave i of (i). In this case, we should keep in mind 4/8 MM Level as the nearest bearish target.

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