![EUR/USD: developing wave [ii]](/img/articles/4443/_vWwDZZeNPJ2ToZ8_1280x600_q70v3.jpg)
EUR/USD: 144 Moving Average acted as resistance
We're likely going to have a local downward correction towards the 34 Moving Average. The following pullback from this line could lead to...
EUR/USD: developing wave [ii]
The price is still declining, which means we should keep an eye on 0/8 MM Level as the nearest bearish target. If a pullback from this level happens, there'll be an opportunity to have another upward impulse in wave [iii].
There's a developing wave [ii], which hasn't been finished yet, so an impulse in wave (c) is likely going to be continued. The main intraday target is 0/8 MM Level, which could be a departure point for wave (i) of [iii].
Igor Tolstykh
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