EUR/USD: wave analysis for Jan. 26-30
Weekly. The pair keeps forming a global wave plane B, within which it builds strong downward impulse [C]. Consider the details of the impulse [C].
Daily. The pair is currently developing a powerful wave (5) of [C]. There are no signs of change or termination of the downtrend. Consider the wave (5) to determine the prospects of a possible movement of the pair this week.
H4. After having completed a small corrective wave 4, the pair declined in the new downward impulse 5. This week we expect the bearish movement to continue in this impulse.