EUR/USD: pullback from 8/8 MM Level

EUR/USD: pullback from 8/8 MM Level

Image20170523153404001.png

The price is trying to form a pullback from 8/8 MM Level, so wave [y] of 2 may have been ended. In this case, we should keep an eye on 6/8 MM as a local bearish target.

Image20170523153404002.png

Bulls couldn't fixate above 8/8 MM Level, so there's time for a correction. Therefore, wave (c) of [y] likely finished. The main target for wave (i) is 6/8 MM Level.

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