EUR/USD: wave (ii) going to end

Read the article on FBS website

EUR/USD: wave (ii) going to end

The price is still consolidating between the 3/8 and 2/8 MM Levels. Meanwhile, wave (ii) is likely going to end soon. So, if a pullback from 3/8 MM Level be on the table, there’ll be an opportunity to have another bearish impulse in wave (iii).

EUR/USD: wave (ii) going to end

It seems like wave (ii) is taking form of a flat pattern. In this case, bulls are likely going to deliver an upward impulse in wave c of (ii). Under this circumstances, we should keep an eye on -1/8 MM Level, which could be a departure point for wave i of (iii).

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.