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