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Trader, analyst and instructor with a 6-year experience

EUR/USD: Elliott waves

By Roman Petuchov

Weekly. After finishing corrective wave [D], we are seeing the beginning of the new wave which is part of the narrowing horizontal triangle. In the near term we expect a decline.



Daily. The pair has finished forming the descending impulse 1. At the last area we are seeing correction growth in the wave 2.



H4. This week we expect growth in the wave (y), which will take form of the Zigzag. The level to which the pair may rise is shown at the picture.

EUR
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