EUR/USD: wave [ii] coming soon

EUR/USD: wave [ii] coming soon

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The price has been rising since a pullback from 0/8 MM Level happened. Wave [i] is about to end, so if 3/8 MM Level acts as resistance, we could have a downward correction. In this case, we should keep an eye on 1/8 MM Level as an intraday bearish target.

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There's a developing bullish impulse in wave [i], which is likely going to end soon. Therefore, if a pullback from 6/8 MM Level happens in the coming hours, bears will probably try to test 2/8 MM Level afterwards.

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