EUR/USD: wave [i] going to be continued

EUR/USD: wave [i] going to be continued

Image20170710111615001.png

There's another pullback from 3/8 MM Level, so wave [i] is likely going to be continued. Previously, an impulse in wave C of (E) has been formed. So, we should keep an eye on 0/8 MM Level (1.1230) as the next intraday bearish target.

Image20170710111615002.png

As we can see on the one-hour chart, there's a possible flat pattern in wave (ii). Also, we've got a downward impulse in wave i. If a pullback from 6/8 MM Level happens in the coming hours, bears are likely going to deliver wave iii of (iii). The main target is 1/8 MM Level (1.1261).

eur

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