Currency Analyst since 2010

EUR/USD: Elliott waves (Apr. 14)

By Roman Petuchov

Weekly. Recent developments in the junior time frames showed that the formation of a wave [D] isn’t complete yet.

Chart. Weekly EUR/USD

Daily. The pair’s forming the final upward wave y, which is a simple Zigzag. At the moment, we are seeing growth within the impulse [C] of y. Next week, the pair will keep rising in this wave.

Chart. Daily EUR/USD

H4. The detailed markup of the wave [c] isn’t yet clear, as it has an even enough structure, but we expect growth to continue to the highs as shown on the chart.

Chart. H4 EUR/USD

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