EUR/USD: developing wave (iii)

EUR/USD: developing wave (iii)

2019-11-11 • Updated

Image20170705133142001.png

There's a pullback from 3/8 MM Level, so the price is declining in wave [i]. The main intraday target is 0/8 MM Level, which could be a departure point for an upward correction.

Image20170705133142002.png

Wave (ii) may have been finished, so there's a developing wave (iii). Previously, bulls have formed wave [v] of C. In this case, the market is likely going to continue moving down towards 0/8 MM Level during the day.

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