FX.co ★ mdouglas | Wave Wisdom: Mastering the Art of Wave Marking in Forex!

In the pair EUR/USD, the situation in the recent impulse is exactly the same as on the dollar index, with the current pullback also being considered as the fourth wave in the fifth. The higher timeframe has not been determined yet, let's assume we finish the last impulse in the fifth wave. Perhaps this will only be the first in (C), there will be a few options. At the beginning of the new week, I expect the pair to continue rising again, potentially reaching a new high and thus completing the fifth wave in (3) in (C) or in (1) in (3) in (C). After that, by the end of the week, I will expect a correction in wave (2) or a major reversal to the south, although it is not clear yet what this major southward reversal will be based on. If we continue to decline at the beginning of the week, then we will also have to stretch the fifth wave in (3) and consider the correction as wave (4) in (C) or wave (4) in (1) in (3) in (C).