134
Trader, analyst and instructor with a 6-year experience

EUR/USD: Elliot wave analysis

Monthly. The pair may have finished forming the wave B of the rising Zigzag А-В-С. Wave B is in the form of the Triple Three [w]-[x]-[y]-[x]-[z].  EUR/USD currently keeps forming wave C. Let’s analyze the wave’s structure in detail.

Сhart. Monthly EUR/USD 

Daily. The pair has finished forming corrective wave [2] of the upside impulse. According to this forecast, we have seen the beginning of the rising wave [3].

Сhart. Daily EUR/USD  

H4. The pair may have finished the waveIII of the upside impulse. In the near-term we expect corrective wave IV. These waves often take the shape of extensive horizontal corrections. After this wave is finished, EUR/USD will rise in the wave V.

Сhart. H4 EUR/USD 

By Roman Petuchov for FBS

Monthly. The pair may have finished forming the wave B of the rising Zigzag А-В-С. Wave B is in the form of the Triple Three [w]-[x]-[y]-[x]-[z].  EUR/USD currently keeps forming wave C. Let’s analyze the wave’s structure in detail.

 

Daily. The pair has finished forming corrective wave [2] of the upside impulse. According to this forecast, we have seen the beginning of the rising wave [3].

 

H4. The pair may have finished the waveIII of the upside impulse. In the near-term we expect corrective wave IV. These waves often take the shape of extensive horizontal corrections. After this wave is finished, EUR/USD will rise in the wave V.

EUR
Scroll to top