EUR/USD: extension in wave iii going to move on
Wave C was ended last week, so we’ve got a pullback from 6/8 Murrey Math Level (P=200). Therefore, the price is declining in wave [a]. The main intraday target is 3/8 MM Level, which could be a departure point for an upward correction.
We’ve got a “Diagonal Triangle” in wave v of (c), which led to form wave i. So, there’s a possible bearish extension in wave iii. Under this circumstances, the market is likely going to reach 4/8 Murrey Math Level (P=200).