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

Image20171115171737001.png

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.

Image20171115171737002.png

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.

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