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EUR/USD: Elliott waves (Mar. 31)

Weekly. The pair has completed formation of the correctional wave [D] of the convergent horizontal triangle. In the near future we expect the formation of a downward correction [E] of B.

Chart. Weekly EUR/USD

Daily. Double Zigzag is complete; we are seeing the start of construction of a correctional wave [E] in the last section. In the near future we expect decline to continue.

Chart. Daily EUR/USD

H4. The pair completed construction of the impulse waves [1] and [2]. We are seeing the beginning of wave formation [3]. Perhaps in the near future will be built a small upward correction after which the decline in the third wave will resume.

Chart. H4 EUR/USD

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