EUR/USD: 8/8 MM Level going to act as resistance
Read the article on FBS website
The price is still rising, so bulls are likely going to test 8/8 MM Level in the coming hours. If a pullback from this level happens, there'll be an opportunity to have a bearish wave (i). In this case, we should keep an eye on 6/8 MM Level as an intraday target.
We've just got a new local high. Previously, the price couldn't fixate under 6/8 MM Level. Therefore, wave v of (c) is likely going to be continued towards 8/8 MM Level, which could be a departure point for wave i of (i).