EUR/USD: 0/8 MM Level has acted as support

Read the article on FBS website

Image20170915143148001.png

There's a pullback from 5/8 MM Level, so wave 4 may have been formed. In this case, we could have another bullish impulse in wave 5. The main intraday target is 8/8 MM Level.

Image20170915143148002.png

0/8 MM Level has acted as support, so the price is rising. It seems like we're going to have an upward impulse in wave [i] in the coming hours. If a pullback from 5/8 MM Level arrives little later on, there'll be an opportunity to have a local bearish correction.

Share with friends:

Similar

Latest news

Instant opening

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.