Currency Analyst since 2010

EUR/USD: weekly wave analysis

Daily. Last week the pair has completely finished descending wave [c] of X, which is an impulse of good shape. At the moment the pair is forming new upward part of the long corrective wave (4). We see the bullish zigzag Z.

H4. This week we expect the price to go a bit higher in the impulse [a], after which the pair will start small downward correction [b]. The approximate scheme of the future move is shown at the chart. 

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