EUR/USD: weekly wave analysis

Daily. After the market finished correction (4), we saw the development of a new downtrend impulse (5). At the moment this wave is at the final stage of development. Let’s view its structure at Н4.

H4. The wave 3 ended with a finishing diagonal triangle. We’ll likely see formation of the upward correction 4 at the new week. As a result, we recommend considering longs at the beginning of the new week. 

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