EUR/USD: Elliot wave analysis
Monthly. The pair may have finished forming the wave B of the rising Zigzag А-В-С. Wave B is in the form of the Triple Three [w]-[x]-[y]-[x]-[z]. EUR/USD currently keeps forming wave C. Let’s analyze the wave’s structure in detail.
Chart. Monthly EUR/USD
Daily. The pair has finished forming corrective wave  of the upside impulse. According to this assumption, one may expect growth in the wave  in the near term.
Chart. Daily EUR/USD
H4. We are now watching upside impulses of the wave (I) being formed. After the wave III is formed, there will be corrective wave IV. The approximate trajectory is shown on the picture. If this scenario won’t realize and we see no impulsive growth, this would mean that the wave (b) isn’t yet finished.
Chart. H4 EUR/USD
By Roman Petuchov for FBS