EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: developing ending diagonal
2019-11-11 • Updated
There's a developing ending diagonal in wave [v] of C. It seems like wave (iv) has been formed, so bulls are likely going to deliver wave (v) of [v] in the coming hours. In this case, we could have a new high soon.
As we can see on the one-hour chart, wave (iv) took the form of a double zigzag. Therefore, the market is likely going to form another zigzag in wave (v) of [v], so 8/8 MM Level could be broken.
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