The correction of Euro-Dollar pair is continuing. Apparently, wave [ii] takes the look of zigzag where just recently the wave (b) was completed. After that the further quotation rising in the wave (c) of [ii] is possible.
On the 1 hour chart, the more detailed marks is shown. Supposedly, in the wave (c) the bullish impulse was formed – the wave i. Further price rising in the wave iii of (c) is possible after the completion of local correction.
Pound is being corrected as well. It is quite likely, that wave 4 takes the look of zigzag. The wave [b] was completed in the junior wave level, and now continuation of quotation rising in the wave [c] of 4 is possible.
As it shown on the 1 hour chart, the upward impulse in the wave (i) was formed after completion of wave [b]. After that the further quotation rising in the frameworks of bullish wave (iii) of [c] is possible.
Supposedly, the horizontal triangle is being forming in the wave [iv] in the framework impulsive wave C. Probably, in the nearest days the current flat will continue, but further the resuming of sliding in the wave [v] of C is possible.
It is quite likely, the downward zigzag is being formed in the wave (d) in the frames of triangle. The market sliding in the wave с of (d) is possible during the day. After that, the beginning of upward local wave (e) of [iv] is possible.
It is quite likely, that Ausse’s upward wave 4 formation is completed. The impulse in the wave (c) of [y] is formed in the junior wave level. It is not excluded that market will sliding in the nearest days.
The more detailed marks are shown on the 1 hour chart. Probably, just recently the formation of the wave (c) have been completed. In the short term the beginning of sliding and formation of downward impulse are possible.
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