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  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 .