Article By RoboForex.com
EUR USD, “Euro vs US Dollar”
Probably, Euro has finished the correction inside wave (ii) of [v] of 3 in the form of zigzag. In the nearest future, the market is expected to continue falling inside wave (iii) of [v] of 3.
Probably, the pair has formed the first five-wave structure inside wave (iii) of [v] of 3. Most likely, in the nearest future, the pair will continue falling.
Probably, the price has finished the correction inside wave [ii] of 3, which may be followed by a new descending movement inside wave [iii] of 3.
After a fast impulse inside wave [i] of 3, the market has formed an ascending zigzag inside wave [ii] of 3, Most likely, in the nearest future, the pair will continue moving downwards inside wave [iii] of 3.
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After finishing leading diagonal triangle inside wave [i] of 3, the pair has formed a descending zigzag inside wave [ii] of 3. In the nearest future, the market may continue growing and form wave [iii] of 3.
The pair has completed the correction inside wave [ii] of 3 in the form of zigzag with running flat (b) of [ii] of 3 inside it. Probably, right now the price is starting a new ascending movement inside wave [iii] of 3.
The correction inside wave (2) of [5] of iii is getting deeper, but it doesn’t affect the main scenario: most likely, in the nearest future, the market will continue growing inside wave (3) of [5] of iii.
The pair has finished the descending correction (2) of [5] of iii in the form of zigzag with horizontal triangle B of (2) of [5] inside it. The critical level hasn’t been broken, which means that in the nearest future the pair is expected to resume growing inside wave (3) of [5] of iii to break 1.3000.
RoboForex Analytical Department
Article By RoboForex.com
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