EUR/USD: wedge and double zigzag

EUR/USD: wedge and double zigzag

Image20170822131322001.png

The price is still consolidating in wave [iv], which is likely going to take the form of a zigzag. The main intraday target is 7/8 MM Level, which could be a departure point for wave [iv].

Image20170822131322002.png

We've got a wedge in wave (a) and a double zigzag in wave (b), so the price is declining in wave i of (c). If a pullback from 4/8 MM Level happens, there'll be an opportunity to have wave ii of (c).

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