EUR/USD: wave analysis (Mar. 17)
Roman Petuchov for FX BAZOOKA
Weekly. The pair extends the corrective wave [D] that is a part of a horizontal triangle, being formed for the last 6 years.
Daily. Wave [D] has a form of a double zigzag, each wave of which is also a double zigzag. The bullish impulse [C] is now coming to an end.
H4. Wave 4 of (5) of [C] is being formed now. Wave 4 will likely be a horizontal correction – sideways range. After that the pair will extend the upside in a wave 5.