Wave Analysis

EUR USD, “Euro vs US Dollar”

Eurodollar continues falling in the large descending impulse [iii] of 1 of (C). Most likely, right now the pair is forming another local correction, which may be followed by a further decline of the price.

Probably, after completing another five-wave descending structure i of (iii) of [iii], the pair has started forming the local correction ii of (iii) of [iii]. In the nearest future, the market is expected to continue falling.