Trader, analyst and instructor with a 6-year experience

EUR/USD: weekly wave analysis

By Roman Petuchov

Weekly. Global converging horizontal triangle B is coming to an end. 

Daily. The market is now forming a bearish zigzag [E] with an impulse (C) inside. It will soon be over. Let's see the markup on the H4 chart in details in order to forecast the weekly prospects. 

H4. The market was building a horizontal corrective wave [iv] that is almost over. The decline will likely continue on the new week in the framework of the wave [v] of 5.

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