EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: bears ready for wave (iv)
2019-11-11 • Updated
Wave (iii) has been ended on 7/8 MM Level, so there’s time for a correction. Therefore, the market is likely going to decline in wave (iv) shortly. The main intraday target is 4/8 MM Level, which could be a departure point for wave (c) of [c] of 2.
We’ve got a double zigzag in wave (iii) and a lot of pullbacks from 7/8 MM Level. In this case, bears are likely going to deliver a downward wave a or w in the coming hours.
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