EUR/USD: Elliott waves (Feb. 17)
By Roman Petuchov
Weekly. The pair keeps forming the wave [D], which is a part of a global convergent horizontal triangle.
Chart. Weekly EUR/USD
Daily. The pair has completed construction of wave [B] of y. We see growth within the impulse wave [C], which is likely to continue next week.
Chart. Daily EUR/USD
H4. At the moment, the impulse [C] is developing, so we expect a bullish market.
Chart. H4 EUR/USD