EUR/USD: wave analysis

Monthly. We assume that the market has finished the wave B of the rising А-В-С zigzag. Wave B represents a triple three [w]-[x]-[y]-[x]-[z]. For now the pair keeps forming wave [2] of C.


Chart. Monthly EUR/USD

Daily. Wave (b) is assumedly forming an a-b-c zigzag. The market is now forming a correction wave b of this zigzag.

Chart. Daily EUR/USD

By Roman Petuchov

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