Wave Analysis

EUR USD, “Euro vs US Dollar”

 

 Eurodollar is still forming the local correction ii of (iii) of [iii], which may be followed by a fast decline in the wave iii of (iii) of [iii] and new local lows.

Probably, the pair is about to finish the wave ii of (iii) of [iii] and may start forming the wave iii of (iii) of [iii] today. At the same time, there is an alternative scenario (colored in gray), according to which the market hasn’t completed the wave (ii) of [iii] of 1, which is taking the form the ascending double zigzag.