EUR/USD: wave iii going to be extended
Wave (c) of [y] was formed last week, so there’s a downward impulse in wave (a), which is taking place on the four-hour chart. Therefore, wave iii of (a) is likely going to be continued in the short term. So, we should keep an eye on 1/8 Murrey Math Level (P=200) as the next bearish target.
We’ve got a double zigzag in wave ii, which was ended last Friday. Also, there’s a bearish impulse in wave . In this case, wave  of iii is likely going to move on towards 0/8 Murrey Math Level (P=300).