EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: another pullback from 7/8 MM Level
2019-11-11 • Updated
There’s another pullback from 7/8 MM Level, so wave (iii) was likely ended. Therefore, there’s an opportunity to have a downward correction. The main target for wave (iv) is 4/8 MM Level.
An upward zigzag in wave y of (iii) has been ended, so the price found a lodgment under 7/8 MM Level. Previously, a triangle in wave [B] was formed. In this case, we could have wave a or w in the coming days.
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