Long-term and short-term analysis of the Australian dollar's performance against the US dollar.
EUR/USD: pullback from 1/8 MM Level
We've got a pullback from 1/8 MM Level, so wave [a] has been ended. However, wave 4 is likely going to be continued. So, if a pullback from 2/8 MM Level happens afterwards, we could have another bearish impulse in wave [c] of 4.
There's a bearish impulse in wave [a]. Also, bulls delivered a small bullish impulse in wave (a), so wave [b] is likely going to take the form of a zigzag. The main intraday target is 4/8 MM Level, which could be a departure point for wave [c] of 4.
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