EUR/USD: Elliott waves (Nov. 25)
Weekly. The pair keeps forming the global convergent triangle. Euro has completed the ascending wave [D], and we are now seeing the beginning of a decline in wave [E].
Chart 1. Weekly EUR/USD
Daily. EUR has fully formed downward impulse wave , and we are now seeing a rise in the correctional wave . When it is complete, the decline will continue.
Chart 2. Daily EUR/USD
H4. Judging from the depth of the correction (B), the wave  is taking the form of a zigzag. However, the wave (A) of  isn’t an impulse. Therefore, we can assume that the whole structure is a wave plane with a shallow wave (B). In the near future we are waiting for a slight rise and then decline will continue.
Chart 3. H4 EUR/USD
Roman Petuchov for FBS