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Elliott Wave Analyst

EUR/USD: possible "Flat" in wave [b]

EUR/USD: possible "Flat" in wave [b]

There’s a possible zigzag in wave E of (Y), which is taking place on the four-hours chart. It’s likely that wave [b] is going to be continued in the short term. If we see a pullback from 3/8 Murrey Math Level (P=200), there’ll be an opportunity to have an impulse in wave [c] of E.

EUR/USD: possible "Flat" in wave [b]

We’ve got a possible flat pattern in wave [b], so bears are likely going to deliver wave (c) during the day. Previously, an impulse in wave [a] has been formed. The main intraday target is 3/8 MM Level. 

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