EUR/USD: Elliott waves (Dec. 2)
Weekly. The pair completed the wave [D] which took the form of a Zigzag. Now we are see8ing the beginning of wave [E].
Chart 1. Weekly EUR/USD
Daily. We may be seeing the construction of the descending correction wave . When it’s complete, the decline in form of impulse will continue.
Chart 2. Daily EUR/USD
H4. Wave  is taking form of a complex correction pattern. Wave (y) of  is a rising Zigzag and looks either already completed or nearly so. Thus, in the near future we can expect a reversal. This week may be bearish.
Chart 3. H4 EUR/USD
Roman Petuchov for FBS