EUR/USD: wave analysis
The pair may fall.
On the daily chart, the first wave of the higher level 1 of (3) formed, and a downward correction develops as the second wave 2 of (3), within which the wave c of 2 forms. Now, a local correction has ended as the fourth wave of the lower level (iv) of c, and the fifth wave (v) of c is developing. If the assumption is correct, the pair will fall to the levels of 1.0760–1.0640. In this scenario, critical stop loss level is 1.1090.
On the daily chart, the first wave of the higher level 1 of (3) formed, and a downward correction develops as the second wave 2 of (3), within which the wave c of 2 forms. Now, a local correction has ended as the fourth wave of the lower level (iv) of c, and the fifth wave (v) of c is developing. If the assumption is correct, the pair will fall to the levels of 1.0760–1.0640. In this scenario, critical stop loss level is 1.1090.
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