EUR/USD: wave (iii) nearly over

Read the article on FBS website

The pair is still consolidating under 7/8 MM Level. Therefore, there’s an opportunity to have a new local high in the short term. Anyway, wave (iii) is likely going to end soon, which means we could have wave (iv) later on.

As we can see on the one-hour chart, wave (iii) is taking form of a double zigzag. Also, we’ve got a possible triangle in wave [B], so bulls are likely going to deliver wave [C] of y of (iii) during the day. At the same time, there’s a chance to have wave a or w afterwards.

Share with friends:

Similar

Latest news

Instant opening

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.