EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: pullback from 7/8 MM Level
2019-11-11 • Updated
Bulls have gone through 7/8 MM Level, but the price came back to this line. So, if we see the market below 7/8 in the coming hours, there'll be an opportunity to have an impulse in wave (i). In this case, we should keep an eye on 6/8 MM Level as an intraday bearish target.
There's a pullback from 7/8 MM Level, so wave (c) of [y] may have been formed. Also, we've got a downward impulse in wave i, so bears are likely going to deliver another impulse in wave iii of (i) soon.
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