EUR/USD: weekly wave analysis
Weekly. The market keeps on forming a global wave flat B. Wave [C] of B is a strong and simple descending impulse.
Daily. Inner structure of the [ C ] impulse is represented on the chart. We are forming the final part of the wave (5) of [ C ] these days. After that the market will reverse to growth. Let's see the wave (5) in the details.
H4. After forming a strong bearish wave [ iii ] the market jumped higher in a correction [ iv ] that takes form of a simple wave flat. On the new week we expect a decline in a new bearish wave [ v ].