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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 ].

EUR
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