EUR/USD: wave [i] going to end
Wave 4 has been ended in a form of a “Double Three”, so we’ve got a pullback from 4/8 Murrey Math Level (P=200). It’s likely that we’ve got wave [i] in progress, which main target is 2/8 Murrey Math Level. If we see a pullback from this level, there’ll be an opportunity to have an upward correction.
As we can see on the one-hour chart, the price has been declining in wave [i]. Therefore, bears are likely going to reach 4/8 Murrey Math Level in the short term. If wave (v) finishes at this level, bulls will probably try to deliver wave [ii].