EUR/USD: Elliot wave analysis
Weekly. The pair keeps forming corrective wave  which is taking form of a Zigzag with the wave (b) in the form of a long horizontal correction.
Chart. Weekly EUR/USD
Daily. The wave (b) may be complete. We are now witnessing the start of the wave (С) of .
Chart. Daily EUR/USD
H4. The price is likely to rise a bit more in the wave 2 which is taking the form of a Zigzag. When this wave is complete, we’ll see the beginning of a new downtrend in the wave 3. The critical level for this scenario is $1.3450. If this level is crossed, the forecast will be cancelled.
Chart. H4 EUR/USD
Roman Petuchov for FBS