EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: wedge and double zigzag
2019-11-11 • Updated
The price is still consolidating in wave [iv], which is likely going to take the form of a zigzag. The main intraday target is 7/8 MM Level, which could be a departure point for wave [iv].
We've got a wedge in wave (a) and a double zigzag in wave (b), so the price is declining in wave i of (c). If a pullback from 4/8 MM Level happens, there'll be an opportunity to have wave ii of (c).
The US dollar index has all chances of reaching the 2000s high of 120.00.
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