Article By RoboForex.com
EUR USD, “Euro vs US Dollar”
Eurodollar is about to complete the wave (i) of [iii] of 1 inside the large descending impulse, which may be followed by the short-term ascending correction (ii) of [iii] of 1.
Probably, the price is finishing the local correction iv of (i) of [iii], which in the nearest future may be followed by a new local low in the wave v of (i) of [iii].
Probably, Pound has finished the first impulse (1) of [1] of iii of the larger descending movement, which may be followed by the local correction (2) of [1] of iii.
Most likely, Pound has completed the impulse [1] of iii of (iii) with quite complicated internal structure, which may be followed by the local correction [2] of iii if (iii).
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Yen continues forming the local correction ii of (i) of [iii], which may be followed by a fast and significant growth in the wave iii of (i) of [iii].
Most likely, the wave ii of (i) of [iii] is taking the form of the descending double zigzag, which may be followed by a new growth in the wave iii of (i) of [iii].
The price has chosen to move according to an alternative scenario after all. This scenario implies that the market has formed waves (i) of [v] of 3 and (ii) of [v] of 3 in the extended wave [v] of 3. Right now, the market is forming the wave i of (iii) of [v]. Later, the pair is expected to continue growing.
So, the pair has formed a large extension in the wave i of (iii) of [v]. In the nearest future, the market is expected to continue moving upwards in the wave [3] of i of (iii).
RoboForex Analytical Department
Article By RoboForex.com
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