Trade Ideas to Follow This Week
EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: wave (ii) on the way
2019-11-11 • Updated
Wave (i) has been formed, so there’s time for a correction. It’s likely that wave (ii) is going to end soon, which means we could have another bearish wave in the short term. The main intraday target is 5/8 MM Level.
As we can see on the one-hour chart, there’s a possible flat pattern in wave (ii). Therefore, bulls are likely gong to deliver an impulse in wave c of (ii) during the day. In this case, we could have a new local high soon.
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