EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: 4/8 MM Level acted as resistance twice
2019-11-11 • Updated
The price has been declining in wave [i] since a pullback from 3/8 MM Level was formed. The main bearish target is 0/8 MM Level, which could be a departure point for an upward correction.
4/8 MM Level has acted as resistance twice. In this case, wave ii of (iii) may have been ended, so bears are likely going to deliver wave iii of (iii) in the coming hours. Therefore, we should keep in mind 1/8 MM Level as an intraday target.
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