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
There's a pullback from 7/8 MM Level, so wave [v] of 3 may have been formed. In this case, we could have a bearish impulse in wave [a]. The main intraday target is 5/8 MM Level.
We've got a downward impulse in wave (i), so bears are likely going to deliver wave (iii) during the day. If a pullback from 2/8 MM Level happens little later on, there'll be an opportunity to have an upward correction.
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