FX.co ★ EUR/USD

Hello traders! In the currency market EUR/USD, on the H4 chart (average wave level), a comprehensive multi-timeframe analysis suggests the following main scenario: Currently, a large fourth wave is forming. It may take the form of a triangle or an ascending double zigzag. The analysis includes: - Elliott Wave Analysis (EWA). - MACD histogram readings. - Position of Smoothed exponential moving averages with periods of 55, 89, 144. - Probability of implementing technical and wave analysis models.