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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

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