EUR/USD: price couldn't fixate below 8/8 MM Level

EUR/USD: price couldn't fixate below 8/8 MM Level

2019-11-11 • Updated


The market couldn't fixate below 8/8 MM Level, so there's developing wave 5 of (C). Previously, we had an extension in wave 3. Therefore, the last high is likely going to be broken soon.


Wave 4 took the form of a zigzag, which led to the current upward price movement. The main intraday target for wave [i] is 7/8 MM Level, which could be a departure point for wave [ii] of 5.


EUR/USD Hit All Targets
EUR/USD Hit All Targets

4H Chart  Daily Chart  EURUSD managed to rise further on Friday inline with our expectations, reaching our entire targets mentioned in our previous notes at 1…

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