EUR/USD: Elliot wave analysis
Weekly. EUR/USD continues building a global horizontal triangle. Now we are seeing the formation of a wave Y of [D] of the triangle.
Chart. Weekly EUR/USD
Daily. The wave Y is taking form of a zigzag. Wave [C] of this zigzag is currently being formed.
Chart. Daily EUR/USD
H4. The layout of the wave [C] is shown at the chart. Now we are seeing the construction of a wave (5). After the formation of a local correction the upward movement in this wave will likely resume.
Chart. H4 EUR/USD
Roman Petuchov for FX BAZOOKA