Article By RoboForex.com
EUR vs US Dollar
One of ways of viewing structure suggests that now final descending wave is underway, it can develop in a shape of double combination or flat pattern.
Possibly, descending zigzag A of (E) is developing now, in this case it’s reasonable to expect development of ascending zigzag B of (E).
It’s not excluded that now we are dealing with descending impulse [c] of A. If it is so, it’s logical to expect development of ascending zigzag B.
Probably, ascending zigzag D of (B) of large inclined triangle (b) is completed in the form of final wedge [c] of D. Final descending wave E of (B) is developing, which can exist in a shape of «double-three» pattern, flat or elongated horizontal model.
Probably, final descending wave E of (B) Is developing in the present time. It had started from flat pattern [a] of E. Expecting to see ascending zigzag [b] of E.
Probably, descending impulse (c) of [a] is completed, expecting to see ascending zigzag [b].
One of possible version of wave structure suggests that now we are dealing with final ascending wave E of (4), that can develop in the shape of double zigzag or flat pattern.
Probably, ascending zigzag [a] of E is completing, expecting to see descending zigzag [b] of E.
It’s not excluded that ascending impulse (c) of d [a] of E is completing and descending zigzag [b] of E is developing.
Probably, elongated horizontal correction 4 of (A) is developing. In this case, it’s reasonable to expect final squeeze of the price to the upside in the form of the wave 5 of (A). Also, ascending zigzag [d] of 4 of (A) is possibly developing in the present moment.
Possibly, descending zigzag [c] of 4 is completed and ascending zigzag [d] of 4 is developing. In the present moment, local descending correctional move (b) of [d] is in place.
It’s not excluded that ascending zigzag [d] is developing and descending correctional move (b) of [d] is in place. If this assumption is correct, then it’s reasonable to expect final ascending wave (c) of [d] after descending correction (b) of (d).
RoboForex Analytical Department
Article By RoboForex.com
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