Trade Ideas to Follow This Week
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 5, so we're likely going to have a zigzag in wave [iii] in the short term. The main intraday target is +2/8 MM Level.
The price has been rising since a pullback from 1/8 MM Level happens. It's likely that wave [4] ended, so we could have another bullish impulse in wave [5] of iii in the coming hours. In this case, we should keep an eye on 7/8 MM Level as the next target.
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