EUR/USD: wave analysis (Apr. 28)

Authored by Roman Petuchov

Weekly. The pair is now forming a horizontal triangle. The question is where the bullish corrective wave [D] ends.

Daily. Wave[D] is a complex corrective wave with (y) of [D] being a double zigzag. The second zigzag is now coming to an end. 

We expect the wave (5) to be built in the nearest future. After that the market will reverse to the downside. 

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