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Elliott Wave Analyst

EUR/USD: "Triangle" going to be continued

EUR/USD: "Triangle" going to be continued

There’s a possible triangle in wave (Y), whish is likely going to be continued. The main target is 4/8 MM Level. If we see a pullback from it, there’ll be an opportunity to have another bearish price movement.

EUR/USD: "Triangle" going to be continued

Wave D has been ended in a form of a double zigzag. Also, we’ve got a triangle in wave [x]. Therefore, it’s likely that bulls are going to deliver wave E of (Y) in the short term, so we should keep an eye on +1/8 MM Level as a possible intraday target.

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