Trader, analyst and instructor with a 6-year experience

EUR/USD: Elliot wave analysis

Monthly. EUR/USD may have finished forming the wave B of the rising Zigzag A-B-C. The wave B represents a Triple Three [w]-[x]-[y]-[x]-[z].  The pair’s currently forming the wave [2] of C. Let’s analyze it in greater detail.

Chart. Monthly EUR/USD

Daily. Wave (b) may form a-b-c Zigzag. Corrective wave b is coming to an end. After it, according to our marking, we’ll see growth in the wave с of (b).


Chart. Daily EUR/USD

H4. The wave b is obviously taking the shape of a Flat with an impulse in the wave [C] of b. When this impulse finishes, we’ll see growth within the wave c.

Chart. H4 EUR/USD

By Roman Petuchov

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