{"id":166711,"date":"2020-03-17T14:15:01","date_gmt":"2020-03-17T18:15:01","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=166711"},"modified":"2020-03-17T13:41:39","modified_gmt":"2020-03-17T17:41:39","slug":"eurusd-pattern-hints-at-triple-zigzag-completion","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2020\/03\/eurusd-pattern-hints-at-triple-zigzag-completion\/","title":{"rendered":"EURUSD: Pattern Hints At Triple Zigzag Completion"},"content":{"rendered":"
March 17, 2020<\/div>
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By <\/strong>Orbex<\/strong><\/a><\/p>\n

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The current EURUSD structure suggests that we are near the end of a major upward impulse wave.<\/p>\n

We see after completing the ascending cycle wave III, a decline in the correction IV initiated.<\/p>\n

The correction wave IV structure could be a triple zigzag, consisting of primary sub-waves \u24cc\u00a0\u00a0 \u2013 \u24cd-\u24ce-\u24cd-\u24cf.<\/p>\n

Wave \u24cf, as the last part of the correction IV, is expected to be completed near 1.097 and could end in a standard zigzag pattern.<\/p>\n

The target would respect the 78.6% Fibonacci retracement.<\/p>

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Looking at the structure closer provides an alternative scenario that might come into play. In this, the corrective wave IV could end earlier than expected in the main scenario.<\/p>\n

This scenario looks at a weaker wave (C) in the zigzag \u24cf, and also an identical low for \u24cf and \u24ce.<\/p>\n

Since the impulse (C) is already under formation, we can expected the completion of this last wave near 1.1049.<\/p>\n

By <\/strong>Orbex<\/strong><\/a><\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

By Orbex The current EURUSD structure suggests that we are near the end of a major upward impulse wave. We see after completing the ascending cycle wave III, a decline in the correction IV initiated. The correction wave IV structure could be a triple zigzag, consisting of primary sub-waves \u24cc\u00a0\u00a0 \u2013 \u24cd-\u24ce-\u24cd-\u24cf. Wave \u24cf, as […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-166711","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/166711","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=166711"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/166711\/revisions"}],"predecessor-version":[{"id":166719,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/166711\/revisions\/166719"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=166711"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=166711"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=166711"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}