EUR/USD: Elliot waves analysis
Weekly. The pair has presumably completed the construction of a correctional wave (b) of . In line with this, in the near future we expect a decline in wave (c) of .
Chart. Weekly EUR/USD
Daily. The wave (b) has taken shape of a widening horizontal triangle. Let’s examine the structure of the last section in detail.
Chart. Daily EUR/USD
H4. The final upward wave (C) has taken shape of the Ending Diagonal Triangle. Now we are seeing the price decline in the wave , this wave is taking form of a wedge. Quite often, at the beginning of a new trend a wedge is formed. When the wave  is complete, we’ll see a correction  . When the waves  and  are fully formed, the decline will continue.
Chart. H4 EUR/USD
Roman Petuchov for FX BAZOOKA