EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: second pullback from 8/8 MM Level in a row
2019-11-11 • Updated
We've got the second pullback from 8/8 MM Level in a row. So, wave [y] of 2 may have been finished. In this case, bears are likely going to deliver wave (i), which means we should keep an eye on 6/8 MM Level as an intraday target.
There's a bearish impulse, which could be wave i of (i). 8/8 MM Level has acted as resistance twice. Moreover, wave ii seems to be ended, so we're likely going to see a decline in wave iii of (i) in the direction of 5/8 MM Level.