Article By RoboForex.com
EUR USD, “Euro vs US Dollar”
Probably, Euro finished ascending zigzag (D) of [B] and right now is forming final descending zigzag (E) of [B].
Possibly, price finished descending impulse [i] of A of (E) of zigzag (E). Right now, pair is forming local ascending correction [ii] of A of (E), after which Euro may continue falling down.
Probably, pair is finishing ascending correction [ii] of A or its first wave (a) of [ii], which may be followed by reverse downwards.
Probably, Pound is completing final wedge [c] of D of ascending zigzag D of (B) with extension in its first wave (i) of [c]. After completing zigzag D of (B), price is expected to start final descending zigzag E of (B).
Possibly, pair finished descending correction (iv) of [c] of D of ascending wedge [c] of D and started forming final ascending wave (v) of [c] of D.
Probably, price is completing ascending impulse iii of (v), which may be followed by descending correction iv of (v).
Probably, Franc completed descending zigzag D of (4) and right now is forming final ascending zigzag E of (4).
Possibly, price finished impulse (i) of [a] of E of final ascending zigzag E of 4. Right now, pair forming local descending correction (ii) of [a] of E, after which instrument may continue moving upwards.
Probably, price is completing descending correction impulse (ii) of [a] or its first wave a of (ii).
Probably, Yen is finishing ascending impulse (A) and right now is forming long horizontal correction 4 of (A). If this assumption is correct, then after completing skewed triangle 4, price is expected to make final ascending movement inside wave 5 of (A).
Probably, pair completed (or is completing) skewed triangle 4, which may be followed by final ascending wave 5.
Possibly, price finished (or is finishing) descending zigzag [e] of 4, which may be followed by final ascending wave 5.
RoboForex Analytical Department
Article By RoboForex.com
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