EUR/USD: weekly wave analysis
Authored by Roman Petuchov
Weekly. The horizontal triangle formation is coming to an end. After finishing a corrective wave [D] the market has started constructing wave [E].
Chart. Weekly EUR/USD
Daily. Correction 2 hasn't been finished yet. Let's try to predict where exactly it will finish.
Chart. Daily EUR/USD
Chart H4. There is a double zigzag being formed. We're now seeing the second part of this zigzag being formed – wave (y). Next week we expect a correction В and a rising impulse C to come.
Chart. H4 EUR/USD