EURUSD: developing wave [iv]

EURUSD: developing wave [iv]

2019-11-11 • Updated

Image20180117170610001.png

Wave [iii] might have been formed, so there's a developing wave [iv]. In this case, we're likely going to have a consolidation in the short term. Nevertheless, the market is likely going to continue moving up in wave [v] of 5 afterwards.

Image20180117170610002.png

The last upward price movement could be wave (b), so wave [iv] is likely going to take the form of a flat pattern. Therefore, we should keep an eye on 7/8 MM Level as the next intraday target.

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