EUR/USD: Elliott waves (Nov. 18)
Weekly. The pair keeps forming a global convergent triangle. Wave [D] is complete. We are seeing the beginning of construction of the descending wave [E].
Chart 1. Weekly EUR/USD
Daily. Wave [D] took the form of a double Zigzag W – X – Y. We saw a decrease in the impulse wave  and the construction of a small correctional wave . When the wave  is formed, we expect the decline to continue in wave .
Chart 2. Daily EUR/USD
H4. Here’s the detailed layout of the last section. Wave  is taking the form of a double Zigzag. The detailed layout of this section is difficult for now. Most likely in the near future we will see a slight rise, and then a decline in the impulse wave  will start.
Chart. H4 EUR/USD
Roman Petuchov for FBS