EUR/USD: weekly wave analysis
By Roman Petuchov
Weekly. The market is developping a global converging horizontal triangle B that is now close to an end. Let's review the final wave [E] in the details.
Daily. Wave [E] is a simple descending zigzag with a bearish impulse 5 inside. On the new week the market will continue developping this wave.
H4. The market started a decline in a new bearish impulse [v]. It will likely take a week to build it. Bearish trend will likely extend for a few weeks. Buying is not recommended.