EUR/USD: Elliott waves (Apr. 21)
By Roman Petuchov
Weekly. EUR/USD is forming the wave (Y) of [D] of the convergent horizontal triangle.
Chart. Weekly EUR/USD
Daily. The wave mentioned above is taking form of a double Zigzag. At present, euro’s forming the final zigzag [A] - [B] - [C].
Chart. Daily EUR/USD
H4. In the near term the correctional wave (4) will be over.Tthen the growth will continue within the impulse (5) as it’s shown at the picture. When the wave [C] of Y is complete, we’ll expect the market would to reverse.