Elliott waves analysis - EUR/USD. Attempting to Form an Initial Diagonal Triangle. от FreshForex

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Категория: Аналитика брокеров

Опубликовано 30.04.2024 09:32

EURUSD - Up It seems that the euro is not willing to retreat further. Having managed to hold its ground and break through to the zone canceling the impulsive structure, the price is attempting to rise. It's likely that the previous decline took the form of a simple zigzag with an initial diagonal triangle as wave A. The current upward movement

EURUSD - Up

It seems that the euro is not willing to retreat further. Having managed to hold its ground and break through to the zone canceling the impulsive structure, the price is attempting to rise. It's likely that the previous decline took the form of a simple zigzag with an initial diagonal triangle as wave A. The current upward movement may also be the beginning of a diagonal triangle, which is not yet fully formed. In the near future, there might be a decline from the upper boundary of the channel within which the upward movement is occurring, towards its lower part. This will form corrective wave 4, after which the upward movement will resume. In this situation, it's recommended to wait for the completion of the formation of the diagonal triangle, and then observe how events unfold further.

Investment Idea: Flat.

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