EUR/USD: developing "Ending Diagonal"

EUR/USD: developing "Ending Diagonal"

2019-11-11 • Updated

Image20171221182409001.png

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.

Image20171221182409002.png

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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