EUR/USD: weekly wave analysis
Weekly. The pair continues building the final wave of the converging horizontal triangle. It’s clear that the current wave is a simple Zigzag.
Daily. Layout of the wave [E] is shown at the picture. We are currently seeing a decline in the downward impulse 5 of (C) of [E]. Next week we expect the downward movement of the pair to continue.
H4. The more detailed layout tells us that the pair constructed impulse [i] and the correction to it [ii] within the wave 5. At the moment the market is down in a powerful downward impulse [iii].