EUR/USD: Elliot wave analysis
Monthly. The pair may have finished forming the wave B of the rising Zigzag А-В-С. Wave B is in the form of the Triple Three [w]-[x]-[y]-[x]-[z]. EUR/USD currently keeps forming wave  of C. Let’s analyze the wave’s structure in detail.
Chart. Montly EUR/GBP
Daily. The pair keeps forming downside impulse in the wave (с) of .
Chart. Daily EUR/GBP
H4. We are now witnessing the formation of the wave IV. When it’s formed, there will be final wave V of the downside impulse. Wave III is 200% of the wave I and in such cases wave V usually equals wave I. this means that the decline may finish close to the end of the wave III.
Chart. H4 EUR/GBP
By Roman Petuchov for FBS Markets Inc