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A long-term Elliott Wave analysis of EUR/USD suggests that we can expect a wave C down to complete the current structure. Due to the dynamic nature of the previous impulsive wave up, we should be cautious about the ABC corrective wave, as it may turn out to be much more complex.
Long-term analysis is useful for predicting potential pullbacks or corrections, and it provides a general idea of the long-term direction we are heading.
A long-term Elliott Wave analysis of EUR/USD suggests that we can expect a wave C down to complete the current structure. Due to the dynamic nature of the previous impulsive wave up, we should be cautious about the ABC corrective wave, as it may turn out to be much more complex.
Long-term analysis is useful for predicting potential pullbacks or corrections, and it provides a general idea of the long-term direction we are heading.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.