EUR/USD: possible double zigzag in wave [ii]

EUR/USD: possible double zigzag in wave [ii]

2019-11-11 • Updated

Image20171025153909001.png

Wave [ii] might have been ended, so there's an opportunity to have another upward impulse wave. Previously, an upward impulse in wave [i] was formed. The main target for wave [iii] is 6/8 MM Level.

Image20171025153909002.png

As we can see on the one-hour chart, there's a possible double zigzag in wave [ii]. 1/8 MM Level acted as support, so bulls are likely going to deliver an extension in wave (iii) of [iii].

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