EUR/USD: wave [i] about to end

EUR/USD: wave [i] about to end

2019-11-11 • Updated

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Wave 4 may have been formed, cause there's a pullback from 0/8 MM Level. Also, a bullish impulse in wave [i] is about to end, so we could have a downward correction in the short term. The main intraday target for wave [ii] is 1/8 MM Level, which could be a departure point for wave [iii] of 5.

Image20171011101409002.png

There's a developing impulse in wave [i]. It's likely that wave (v) is going to end on 4/8 MM Level. Therefore, there's an opportunity to have wave [ii] during the day. In this case, we should keep an eye on 2/8 MM Level as an intraday bearish target.

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