EUR/USD: pullback from 7/8 MM Level

EUR/USD: pullback from 7/8 MM Level

Image20171219195529001.png

An opportunity to have an ending diagonal in wave 5 is still on the table. 5/8 MM Level has acted as support, so the price is rising. The main target for wave [iii] is +2/8 MM Level.

Image20171219195529002.png

There's a pullback from 7/8 MM Level, so we've got a developing bearish correction. Considering that there's a bullish impulse (wave [1]), wave [3] is likely going to be extended.

eur

Similar

Popular

Morning brief for May 30

 Growing concerns over Greek bailout, early elections in Italy and comments by the ECB President Mario Draghi about the need to maintain the bank’s extraordinary amount of monetary policy support…

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