The D chart of EUR/USD has formed FULL ELLIOT wave pattern.
The pair is currently making corrective waves in super cycle as well as cycle.
More likely 'B' corrective wave will take the support at critical zone and then would move up again for the 'c' corrective wave.
If the critical support broken, then there will be chance of flat correction waves as well.
Description of labelling:
• Red - Super cycle
• White - Cycle
• Blue - Primary wave
For more information, follow our updates.
The pair is currently making corrective waves in super cycle as well as cycle.
More likely 'B' corrective wave will take the support at critical zone and then would move up again for the 'c' corrective wave.
If the critical support broken, then there will be chance of flat correction waves as well.
Description of labelling:
• Red - Super cycle
• White - Cycle
• Blue - Primary wave
For more information, follow our updates.