EUR/USD: Elliot wave analysis
W1. The pair has finished the global corrective wave B. We are now witnessing the formation of the corrective  which is taking form of a Zigzag.
Chart. Weekly EUR/USD
Daily. The (b) of  took form of a widening triangle. We are now witnessing the formation of the downside impulse wave (c) of .
Chart. Daily EUR/USD
H4. The market has started forming corrective wave  which is likely to take form of a horizontal correction. After the wave  is complete there will be a decline in the wave . When the wave 1 is complete expect a correction to the wave 1 (this will be the wave 2). The approximate trajectory is shown at the picture.
Chart. H4 EUR/USD
Roman Petuchov for FX Bazooka