![EUR/USD: triangle in wave [B]](/img/articles/1838/hiM30tT3cqGGVJCP_1280x600_q70v3.jpg)
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EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: triangle in wave [B]
2019-11-11 • Updated
There's a possible triangle in wave [B], so the price is likely going to continue rising towards the upper side of this pattern. If a pullback from this line happens, there'll be an opportunity to have the beginning of wave [C].
As we can see on the daily chart, there's a developing impulse in wave C of (E). The main bullish target is +1/8 MM Level, which could be a departure point for an impulse wave. The main bearish target is 6/8 MM Level.
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