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

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