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EUR/USD: weekly wave analysis

Weekly. The pair keeps forming thefinal waveof a convergenthorizontal triangle, which is taking the formof a Double Zigzag [E].

Daily. At the moment we are at the end of the first downward Zigzag (w). When it’s completed, the pair will begin constructing a correctional wave link (x). 

H4. The detailed layout of the Zigzag is shown at the picture. At the moment, the pair’s forming a convergent horizontal triangle [iv]. At the beginning of this week this triangle will be completed, and the decrease in the wave [v] of C will continue.


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