EUR/USD: wave (iii) about to start

EUR/USD: wave (iii) about to start

Wave (ii) is going to end. Previously, a bearish impulse in wave (i) has been formed. The main intraday target is 5/8 MM Level, which could be a departure point for wave (iii).

As we can see on the one-hour chart, there’s a developing bullish impulse in wave [5] of c of (ii). Therefore, bulls are likely going to test +2/8 MM Level during the day. At the same time, there’s an opportunity to have a bearish impulse in wave i of (iii) afterwards.



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