EUR/USD: wave [i] is on the way
2/8/2017
The price has been declining since wave 2 was ended in a form of a zigzag. Previously a wedge in wave 1 has been formed. Therefore, bears are likely going to break 7/8 MM Level in the short term.
There’s an extension in wave (iii), which is taking place on the one-hour chart. The main intraday target is 0/8 MM Level, which could be a departure point for wave iv. Meanwhile, bears are likely going to deliver wave v of (iii) afterwards.
More:
https://new.fxbazooka.com/analytics/12393