EUR/USD: weekly wave analysis

Roman Petuchov

Weekly. Wave flat B is now being built. We see a decline in a strong bearish impulse [C]. Let's review the markup on a daily chart.

Daily. According to the markup [C], corrective wave 4 is now being formed. We expect a decline in a bearish impulse 5 to follow. 

H4. Wave 4 takes form of a double zigzag [w]-[x]-[y]. On the last part we see growth in the second zigzag [y]. At the beginning of the new week we expect to see growth in an impulse (C). 

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