Trader, analyst and instructor with a 6-year experience

EUR/USD: Elliott waves (May 26)

By Roman Petuchov

Weekly. The pair’s forming a global convergent horizontal triangle. Last week, it has completed the wave [D]. In the coming weeks we expect a decline in the correctional wave [E].

Daily. The wave [D] took the form of a Double Zigzag. At the last section there’s a decline within the first downward impulse.

H4. Downward wave [1] is fully equipped with waves of junior level. Most likely, it’s either at an end or has been already completed. This week we expect correctional increase [2].


Scroll to top