EUR/USD: pullback from 7/8 MM Level

EUR/USD: pullback from 7/8 MM Level

Image20170518135538001.png

Bulls have gone through 7/8 MM Level, but the price came back to this line. So, if we see the market below 7/8 in the coming hours, there'll be an opportunity to have an impulse in wave (i). In this case, we should keep an eye on 6/8 MM Level as an intraday bearish target.

Image20170518135538002.png

There's a pullback from 7/8 MM Level, so wave (c) of [y] may have been formed. Also, we've got a downward impulse in wave i, so bears are likely going to deliver another impulse in wave iii of (i) soon.

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