Article By RoboForex.com
EUR USD, “Euro vs US Dollar”
Probably, Euro is finishing impulse C of (D) of [B] of ascending zigzag (D) of [B].
Probably, price finished descending zigzag (iv) of [v] of C of ascending impulse [v] of C, which may be followed by final ascending wave (v) of [v] of C.
Possibly, pair is starting final ascending wave (v) of [v].
Probably, Pound is completing final wedge [c] of ascending zigzag [a]-[b]-[c] with extension in its first wave (i) of [c]. The form of pattern on major chart isn’t quite clear yet.
Probably, pair finished descending correction (iv) of [c] of final ascending wedge [c], which may be followed by final ascending wave (v) of [c].
Possibly, price completed descending zigzag y of (iv), which may be followed by new ascending trend inside wave (v).
Probably, Franc is completing impulse [c] of D of descending zigzag D of (4), which may be followed by final ascending zigzag E of (4).
Probably, price is finishing descending impulse (v) of [c] of (D). Right now pair is forming its final wave v of (v) of [c] of (D).
Possibly, pair completed ascending correction iv of (v) of [c] and started final descending wave v of (v) of [c].
Probably, Yen finished ascending impulse (A). In this case, price is expected to start large descending correction (B), may be in the form of zigzag.
Possibly, pair completed ascending correction [ii] of A and started forming descending impulse [iii] of A.
Probably, price started forming descending impulse [iii] of A. By now, pair finished ascending correction (ii) of [iii] of A and started falling down inside impulse (iii) of [iii] of A,
RoboForex Analytical Department
Article By RoboForex.com
Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.