EUR/USD: wave v of (c) is about to begin
There’s a possible impulse in wave (c) of [y], which is taking place on the four-hour chart. Wave iv is likely going to end shortly, so there’s an opportunity to have an upward movement in wave v of (c). The main target is 6/8 Murrey Math Level (P=300).
As we can see on the one-hour chart, wave iv is developing a zigzag. Therefore, wave [C] of iv is likely going to reach 8/8 Murrey Math Level (P=200). If we see a pullback from this level, bulls will probably try to set up wave v of (c).