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Elliott Wave Analyst

EUR/USD: bulls going to deliver wave [y] of E

EUR/USD: bulls going to deliver wave [y] of E

Wave E is likely taking form of a double zigzag. Previously, the price formed a pullback from 2/8 Murrey Math Level (P=200). So, bulls are likely going to deliver wave [y] of E soon.

EUR/USD: bulls going to deliver wave [y] of E

The main intraday target on the one-hour chart is 6/8 MM Level. If we see a pullback from this level, there’ll be an opportunity to have wave (c) of [y]. In this case we should keep an eye on +2/8 MM Level as a possible bullish goal.

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