Currency Analyst since 2010

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

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

Scroll to top