EUR/USD: Elliott waves (May 19)
By Roman Petuchov
Weekly. EUR/USD completed the correctional wave rising [D], which is a part of the horizontal triangle.
Chart. Weekly EUR/USD
Daily. Wave (y) of [D] took the form of a Double Zigzag. The wave y of (y) is a simple Zigzag, which is fully completed. That’s why we see a decline within the new wave.
Chart. Daily EUR/USD
H4. The first downward impulse  is fully formed. In the near future we expect corrective gains within wave . It’s very likely that this wave will take the form of a Zigzag, but so far we can only make assumptions.
Chart. H4 EUR/USD