EUR/USD: wave analysis (May 12)

Roman Petuchov for FBS

Weekly. Rising wave [D] has been built. After that we expect a decline in a corrective wave [E]. Let's try to define the reversal point.

Daily. This week the pair is expected to extend the decline. 

H4. The last small bullish wave 5 is a sharp peak - sign of a coming bearish reversal. 

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