![EUR/USD: double zigzag in wave [ii]](/img/articles/4559/lhizKJ35X6oorNA6_1280x600_q70v3.jpg)
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EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: double zigzag in wave [ii]
2019-11-11 • Updated
The price is likely going to test 0/8 MM Level in the coming hours. If we have a pullback from this level, wave [ii] likely will be ended. In this case, there'll be an opportunity to have another upward impulse in wave [iii].
It seems like wave [ii] is taking the form of a double zigzag on the one-hour chart. So, bears are likely going to test 0/8 MM Level, which could be a departure point for wave (i). In this case, the low of wave (w) will be broken in the coming hours.
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