EUR/USD: bulls going to deliver wave [y] of E
There’s wave E of (Y), which is taking form of a double zigzag. It’s likely that wave [x] of E is going to end soon. So, if we see a pullback from 2/8 Murrey Math Level (P=200), bulls are likely going to reach 6/8 MM Level in the short term.
As we can see on the one-hour chart, there’s a possible zigzag in wave [x]. Therefore, if a pullback from 2/8 MM Level happens, then bulls are likely going to deliver wave [y] of E, which could take a form of a zigzag like it was in wave [w].