HomeContributorsTechnical AnalysisElliott Wave Weekly: EUR/USD To Continue Unfolding Second-Wave Correction

Elliott Wave Weekly: EUR/USD To Continue Unfolding Second-Wave Correction

The market is still unfolding wave Y of (2). In this case, we should be ready for a another decline in the coming days, possibly toward the low of wave 4 of (1). As you can see on the weekly chart below, the opportunity to have a third-wave advance remains in place, but we should wait for the ending of the ongoing downward correction.

Get daily and weekly ActionForex analysis and key releases on our Telegram channel.

Elliott Wave Financial Service
Elliott Wave Financial Servicehttp://www.ew-forecast.com/
Trading forex, futures or futures options carries a high level of risk, and may not be suitable for all investors. The possibility exists that you could lose some or all of your initial investment; therefore you should not invest money that you cannot afford to lose. Our website and the information provided here should not be relied upon as a substitute for extensive independent research before making your investment decisions.

Latest Analysis

Learn Forex Trading