As it was expected, Euro-Dollar pair started correction. Probably, the bullish impulse in the wave (a) is developing, which may be completed during the day. Later the local correction – the wave (b) – is possible.
On the 1 hour chart the more detailed marks are shown. Apparently, the fourth wave is completing in the wave (a). During the day, the resuming of growth in the wave v of (a) and breakage of yesterday maximum are possible.
The Pound mark was corrected. Apparently, the elongation in the wave 3 was completed at the week’s beginning. Nowadays, the correcting wave 4 is being forming and taking the look of simple zigzag.
On the 1 hour chart is shown that the fourth wave is about to complete in the wave [a]. Earlier, the bullish stretching in the wave (iii) was completed. In the short term, the growth in the wave (v) of [a] is possible and later – the beginning of downward correction.
Supposedly, the horizontal triangle is being forming in the wave [iv] in the framework of impulse wave C. Probably, in the nearest future the current flat will be proceeded, but later the resuming of sliding in the wave [v] of C is possible.
On the 1 hour chart in the triangle, the downward zigzag in the wave (d) is being formed. The continuation of the local correction – wave b – is possible, later – declining of the market in the wave c of (d).
It is quite likely, that Ausse correction that is being forming and now up to the senior wave level. Supposedly, developing wave 4 is taking the look of double zigzag where the impulse in the wave (c) of [y] is about to complete.
The more detailed marks is on the 1 hour chart. Probably, in the wave (c), the stretching in the wave iii is being completing. In the short term, the developing of local correction is possible, and later – the beginning of the flow in the wave v of (c).
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