EUR/USD: wave [ii] going to end
We’ve got an ended impulse in wave [i]. The price couldn’t find a lodgement under 4/8 Murrey Math Level (P=200), so we’ve got wave [ii], which is likely going to be continued in the short term. If a pullback from 5/8 MM Level happens afterwards, there’ll be an opportunity to have a bearish impulse in wave (i).
As we can see on the one-hour chart, wave [ii] is taking form of a double zigzag. So, it’s likely that the price is going to break the last high of wave (w). However, bears will probably try to deliver another downward impulse later on.