FX.co ★ berta.hill | EUR/USD

In the EUR/USD pair on the forex market, when analyzing at the medium wave level within the four-hour time frame, the formation of a "horizontal triangle" pattern is assumed.

During the analysis, the following were considered: EWA (Elliott Wave Analysis), MACD histogram readings (Moving Average Convergence/Divergence indicator), and the positioning of the exponential moving averages MA Smoothed (periods: 55, 89, 144), as well as the probabilistic assessment of technical and wave analysis models. Priority is set taking into account correlation with related markets. In addition, the main scenario also takes into account correlation with related markets, where USD strengthening against the national currency is likewise expected.