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Elliott Wave Analyst

EUR/USD: wave [ii] started

EUR/USD: wave [ii] started

Wave [i] was ended yesterday, so we’ve got a pullback from 4/8 Murrey Math Level (P=200). In this case, bulls are likely going to deliver wave [ii] in the short term. The main intraday target is 6/8 MM Level.

EUR/USD: wave [ii] started

It seems like wave (v) of [ii] was ended, so there’s a bullish impulse in wave (a), which is taking place on the one-hour chart. If we see a pullback from 2/8 MM Level, there’ll be an opportunity to have wave (b) shortly. At the same time, bulls will probably try to deliver wave (c) of [ii] afterwards.

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