EUR/USD: weekly wave analysis
Daily. In line with expectations, after the pair has finished corrective wave (4), we saw a rapid decline within the new downtrend (5). Let’s view its layout at Н4.
H4. The pair’s building the first part of the downtrend. This week EUR/USD will form impulse [iii]. Within this wave there will be a powerful decline, so we recommend looking for the opportunities to sell the euro.