EUR/USD: weekly wave analysis
Weekly. The pair continued developing the global convergent horizontal triangle B. EUR/USD is currently forming the final downward Zigzag [E] of B.
Daily. In line with the forecast the pair completed formation of correction 4. Then we saw the beginning of the decline in the new downward impulse 5 of (C).
H4. In the near future, after the slight upward correction, the pair’s decline will continue, and it will renew the previous low. We expect a bearish trend.