EUR/USD: wave 2 on the way

EUR/USD: wave 2 on the way

EUR/USD: wave 2 on the way

Price has been rising since a pullback from 1/8 MM Level happens. Previously a leading diagonal has been formed in wave 1. The main target for wave 2 is 7/8 MM Level, which could be a departure point for another bearish impulse wave.

EUR/USD: wave 2 on the way

As we can see on the four-hours chart, there's a developing double zigzag in wave 2. Wave (c) of [y] is likely going to be continued, so we should keep an eye on 7/8 MM Level as the nearest bullish target.

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