EUR/USD: weekly wave analysis
By Roman Petuchov
Weekly. The pair has finished the formation of the correctional wave [D], and at the moment we are seeing a decline in the final part of the horizontal triangle.
Daily. The wave [E], which may take the form of a double Zigzag, is now forming. Now we are seeing a decline within the first Zigzag (w). Consider the structure of its internal waves.
H4. EUR/USD is forming the end of the descending impulse wave C. This week we’ll see a correction [iv], and then a decline in the impulse [v] will continue. The approximate trajectory of the upcoming motion indicated at the picture.