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Elliott Wave Analyst

EUR/USD: wave E going to be continued

EUR/USD: wave E going to be continued

There’s a triangle in wave E of (Y). It’s likely that wave [x] is going to end soon, so there’s an opportunity to have wave [y] of E in the short term. However, this wave count requires a confirmation, so I’m out of the market until the price find a lodgement above 2/8 Murrey Math Level (P=200).

EUR/USD: wave E going to be continued

We’ve got a possible zigzag in wave [x]. Therefore, wave (c) is likely going to end during the day. If so, bulls will probably try to deliver wave [y] of E shortly.

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