EUR/USD: wave analysis (9.12)
Weekly. The [D] wave is still under construction. The pair is expected to renew the local high in the coming weeks.
Chart. Weekly EUR/USD
Daily. The [W] wave that is a double zigzag seems to be formed. The [Y] wave is being built now. It may also take a shape of a double or a tripple zigzag.
Chart. Daily EUR/USD
H4. The pair is now forming the final impulse wave of the second zigzag. We expect to see a bearish correction before the third zigzag.
Chart. H4 EUR/USD
Roman Petuchov for FX BAZOOKA