![EUR/USD: double zigzag in wave [ii]](/img/articles/4559/lhizKJ35X6oorNA6_1280x600_q70v3.jpg)
EUR/GBP: confirmed 'Double Top' pattern
The 89 Moving Average is acting as support, but we've got a bearish 'Flag'. In this case, we're likely going to...
EUR/USD: double zigzag in wave [ii]
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.
Igor Tolstykh
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