EUR/USD: wave (iii) started
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We’ve got a zigzag in wave 2, so bears have delivered wave (i). Wave (ii) was ended last week, so there’s an opportunity to have another downward impulse in wave (iii). The main intraday target is -2/8 MM Level.
As you can see on the one-hour chart, there’s a flat pattern in wave (ii). In this case, we could have wave i in the short term. If a pullback from 0/8 MM Level happens afterwards, bulls will probably try to deliver an upward correction.