281
Elliott Wave Analyst

EUR/USD: wave E going to move on

EUR/USD: wave E going to move on

There’s wave (Y), which is taking form of a triangle. It’s likely that wave E is going to develop a double zigzag. If we see a pullback from 6/8 Murrey Math Level (P=200), there’ll be an opportunity to have another bearish price movement.

EUR/USD: wave E going to move on

As we can see on the one-hour chart, there’s a possible zigzag in wave [y] of E. Therefore, wave (b) is likely going to end soon. If a pullback from 7/8 MM Level happens, bulls will probably try to deliver wave (c) of [y].

Scroll to top