EUR/USD: weekly wave analysis
Daily. After finishing corrective wave (4), which is the final part of the downward impulse, we have seen the continuation of the decline in the wave (5). The decline will likely continue in the coming weeks.
H4. We assume that EUR/USD is currently forming an upward correction (2), which will end in the first part of the week. When this wave will be complete, we’ll see a reversal and the beginning of decline.