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Elliott Wave Analyst

EUR/USD: bears going to deliver wave iii

EUR/USD: bears going to deliver wave iii

There’s a possible ended zigzag in wave (c) of [y], which led to form a downward impulse in wave i. Also, we’ve got a double pullback from 6/8 Murrey Math Level (P=200). Under this circumstances, bears are likely going to deliver wave iii of (a) shortly, so we should keep an eye on 3/8 MM Level as an intraday target.

EUR/USD: bears going to deliver wave iii

We’ve got a bearish impulse in wave i, which has been formed right after a diagonal triangle in wave v of (c). Also, there’s a probable zigzag in wave ii. So, if bears finds a lodgement under 6/8 Murrey Math Level (P=250), there’ll be an opportunity to have wave iii.

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