EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: time for wave (ii)
2019-11-11 • Updated
There’s a pullback from +1/8 MM Level, so wave 2 has been ended. Also, we’ve got a bearish impulse in wave (i), which means bulls are likely going to deliver a local correction. Nevertheless, there’s an opportunity to have wave (iii) soon.
As we can see on the one-hour chart, we’ve got wave v of (i), so there’s time for wave (ii). The main bullish target is 5/8 MM level, which could be a departure point for another bearish wave.
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