EUR/USD: wave analysis
Weekly. EUR/USD has completedconstruction ofthe ascending wave [D],which is a part of convergent horizontal triangle. At the last section, we are seeing the beginning of decline in the wave [E].
Daily. The pair is most likely forming a first downward zigzag ABC. In the coming weeks euro is expected to decrease in the impulse C.
H4. The waves [i] of C and [ii] of C were fully constructed. It’s now time for the decline in the impulse wave [iii]. The approximate trajectory of the upcoming motion trajectory is shown at the picture.