80
Currency Analyst since 2010

EUR/USD: weekly wave analysis

Weekly. The pair keeps forming the final part of the convergent horizontal triangle – the wave [E].



Daily. According to the current layout, the wave [E] is taking the form of a double Zigzag. At the moment we are at the end of the first Zigzag. Consider its layout. 



H4. This week we expect the pair to build a small corrective wave (4) and decline in the impulse (5). When these waves are built, the market may turn around, starting to form an upward correction (x).

EUR
Scroll to top