EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: wave (ii) started
2019-11-11 • Updated
Wave (i) has been formed, so there’s time for a local correction. Previously, wave 2 was ended in a form of a zigzag. The main intraday target is 8/8 MM Level, which could be a departure point for wave (iii).
As we can see on the one-hour chart, there’s a bearish impulse in wave (i). So, we could have wave (ii) in the short term. In this case, bulls are likely going to deliver wave c of (ii) soon.
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