Short-Term

Published 14th January 2019 & amended 21st January 2019 (chart only)

The EUR/USD Elliott wave pattern complicated since May 2018. Price action shows a sideways pattern with no progress since then. The sideways complication is most likely not done yet.

Both, a B-wave of minor degree as well as a C-wave of minute degree are incomplete at this stage. Price action is likely to take another spike to the upside before resolving into a new 52-week low eventually.

That B-wave pattern could be a flat (black), triangle (red), or even double-three (not depicted yet). All of these paths lead into another spike below 1.13.

 

The analysis above is a historical abstract of our EUR/USD Premium Analysis. Subscribers can access multiple timeframes, which are not displayed on this page.