EURUSD: bearish impulse in wave (a) ended

EURUSD: bearish impulse in wave (a) ended

Image20180110092909001.png

The current decline could be wave [iv] inside a possible ending diagonal pattern. If correct, we're likely going to have wave [v] of 5 in the short term.

Image20180110092910001.png

It seems like a bearish impulse in wave (a) ended, so there's an opportunity to have wave (b) in the coming hours. Nevertheless, bears are likely going to deliver wave (c) of [iv] little later on.

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