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Elliott Wave Analyst

EUR/USD: wave v of (c) successfully ended

EUR/USD: wave v of (c) successfully ended

We’ve got a pullback from 4/8 Murrey Math Level (P=200), which points to a possible ending of wave 4 in a form of a “Double Three”. Therefore, wave [i] of 5 is likely going to be started, so we should keep an eye 2/8 Murrey Math Level, which could be the next bearish target. 

EUR/USD: wave v of (c) successfully ended

Wave v of (c) ended on 8/8 Murrey Math Level, so we’ve got a pullback from there. However, it’s better to wait a little bit until the price breaks 6/8 Murrey Math Level. If it happens, there’ll be an opportunity to have further decline in wave [i].

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