Trader, analyst and instructor with a 6-year experience

EUR/USD: Elliott waves (Feb. 10)

Roman Petuchov for FBS

Weekly. The pair’s forming a rising wave [D], which is taking the form of a double Zigzag. Now the wave (Y) is being formed.

Chart. Weekly EUR/USD

Daily. Wave (y) is also a double Zigzag. The pair has completed construction of wave [B], which is part of the second Zigzag. In the near future we expect growth within the impulse wave [C].

Chart. Daily EUR/USD

H4. The wave [B] is fully equipped with waves of the junior level. In the near future we expect an increase, which can be quite powerful.

Chart. H4 EUR/USD


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