EUR/USD: Elliot wave analysis
Monthly. The pair may have finished forming the wave B of the rising Zigzag А-В-С. Wave B is in the form of the Triple Three [w]-[x]-[y]-[x]-[z]. EUR/USD currently keeps forming wave C. Let’s analyze the wave’s structure in detail.
Chart. Monthly EUR/USD
Daily. The marking looks pretty. The pair has finished forming the wave (b) and we’re currently witnessing a downside impulse in the wave (с) of . This week we’ll likely see a decline. The market’s now good for trading.
Chart. Daily EUR/USD
H4. On H4 you may see that the marking has started forming the wave  which is usually the most rapid and powerful of the impulse. In the near term we expect the fall to continue.
Chart. H4 EUR/USD
Roman Petuchov for FBS