EUR/USD: wave (i) about to end

EUR/USD: wave (i) about to end

Image20170621145935001.png

Wave (i) is about to end, so if we see a pullback from 3/8 MM Level, there'll be time for wave (ii). Anyway, bears are likely going to deliver wave (iii) afterwards. In this case, we should keep in mind 2/8 MM Level as an intraday target.

Image20170621145935002.png

As we can see on the one-hour chart, there's a possible wedge in wave (i). Wave iv is likely going to end soon, so if we have a pullback from 2/8 MM Level, there'll be an opportunity to have wave v of (i).

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