EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: price fixated under 5/8 MM Level
2019-11-11 • Updated
The price has fixated under 5/8 MM Level, so there's an opportunity to have a bearish impulse in wave [i]. The main intraday target is 3/8 MM Level, which could be a departure point for a local upward correction.
We've got a pullback from 7/8 MM Level on the one hour chart, so wave [v] of C may have been formed. The price is declining in wave (iii) of [i]. It seems like bears are ready to test 3/8 MM Level soon.
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