EUR/USD: weekly wave analysis
Weekly. The market is developing a descending wave [E] - a part of a global descending triangle.
Daily. Wave [E] takes a form of a simple descending zigzag (С) of [E]. Let's see the markup of the wave (С) on the Н4.
H4. The market is now forming a wave 5 Of (C). Next week we expect a decline in a descending impulse [v] of 5 of (C). This is a case to open short positions on the pair.