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Elliott Wave Analyst

EUR/USD: consolidation inside "Triangle"

EUR/USD: consolidation inside "Triangle"

The wave count has been changed. We’ve got a new high, so the last downward price movement turns out to be a zigzag in wave [w]. So, the price is likely going to test 5/8 Murrey Math Level (P=200). If we see a pullback from this level, there’ll be an opportunity to have wave [y] of D.

EUR/USD: consolidation inside "Triangle"

The price has been rising since a zigzag in wave (b) was formed. There’s a possible ending of wave iv, so bulls are likely going to deliver wave v of (c) shortly. The main intraday target is 6/8 MM Level.

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