EUR/USD: +1/8 MM Level acted as resistance

EUR/USD: +1/8 MM Level acted as resistance

2020-05-19 • Updated

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+1/8 MM Level has acted as resistance, so a bullish impulse in wave (c) might be ended. In this case, there's an opportunity to have bearish wave 3. The main target for the coming days is 6/8 MM Level.

Image20171030100701006.png

There's a pullback from 2/8 MM Level, so wave (iii) might have been formed. So, we're likely going to have an upward correction, which could be wave (iv). If a pullback from 3/8 MM Level happens little later on, we could have another decline in wave (v) of [iii].

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