EUR/USD: the strong first wave points to bears kick-off


There's the ended downward impulse in wave 1, which could be just a begining of a new bearish trend. Also, it’s likely that wave 2 has been formed like a zigzag. However, a confirmation is required, so we should wait for the first wave inside wave 3.


Wave 2 has been ended in a form of a zigzag, which has an extended triangle in wave [b]. Also, we’ve got a completed bullish impulse in wave [c]. Considering a downward impulse in wave (i), the market is likely going to decline in the third wave after the local correction ends.


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