EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: developing leading diagonal
2019-11-11 • Updated
There's a developing leading diagonal in wave 1. It's likely that wave [iv] is going to end soon, so we could have wave [v] inside the pattern in the short term.
As we can see on the one-hour chart, wave [iv] is likely going to take the form of a zigzag. The main intraday target is 3/8 MM Level, which could be a departure point for wave (a) of [v].
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