EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: wave (iii) ended
2019-11-11 • Updated
There’s a pullback from 7/8 MM Level, so wave (iii) has been ended. Therefore, bears are likely going to deliver wave (iv). In this case, we should keep an eye on 4/8 MM Level as an intraday target.
As we can see on the one-hour chart, wave (iii) was formed like a double zigzag. The main target for wave a or w is 5/8 MM Level, which could be a departure point for a local bullish correction.
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