EUR/USD: "Horizontal Triangle" points to coming wave v of (c)
Wave 4 is likely going to end soon as a possible “Double Three” could finish its rally near 4/8 Murrey Math Level (P=200). So, if a pullback from this levels happens, there’ll be an open door for wave [i]. The nearest bearish target is 2/8 Murrey Math Level.
We’ve got a “Horizontal Triangle” in wave iv, which points to a possible upward movement in wave v of (c). Therefore, the price is likely going to achieve 8/8 Murrey Math Level, which could act as a resistance. At the same time, bears will probably try to set up wave [i] afterwards.