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

Hello traders, regarding EUR/USD, I continue to expect a decline in the fifth wave, either in the form of a wedge or some other form. However, I am more inclined to believe that there will be a wedge in the fifth wave (a) in (2) in (C), although I could be wrong. After all, I expect a significant decline, at least to 1.100, possibly even slightly lower. Today, I do not expect any significant movement, so I do not anticipate a new low. I expect the continuation of the decline in the third wave of the fifth wave (a). However, it is unlikely that they will be able to finish it today. It is more likely that we should expect the completion of the third wave only on Tuesday, and the wave (a) by the end of next week.