EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: wave 2 on the way
2019-11-11 • Updated
Wave 2 has been continued, so there’s a new local high. Previously, we’ve got a wedge pattern in wave 1. The main bullish target is 5/8 MM Level, which could be a departure point for wave 3.
As we can see on the four-hours chart, there’s a possible diagonal triangle in wave [c] of 2. Wave (iii) has been ended near 7/8 MM Level. Therefore, bears are likely going to deliver wave (iv) in the short term.
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