FX.co ★ EUR/USD

Hello everyone! An analysis of the EUR/USD market using Elliott Wave Analysis (EWA), MACD indicator, and exponential moving averages (55, 89, 144) has revealed a potential for a complex correction at a lower wave level (M30 chart). The reason is that the presumed sub-wave "i" may take the form of a diagonal triangle. The probability of such patterns forming is extremely low (about 1%), and furthermore, wave "ii" has not manifested in the positive zone on the MACD H4 histogram.