EURUSD – Fourth wave to continue – September 15th, 2020

EUR/USD, Daily chart. No change. The market has been rising since wave (C) of ((B)) finished. It seems like we’re going to have an upward impulse, which is supposed to be wave (1). If correct, the pair is likely going to continue moving up in the coming days after wave 4 ends.

EUR/USD, 60Minutes chart. A fourth-wave correction is underway. If correct, we’re going to have the rest of wave ((b)), which could take the form of a double zigzag. In this case, the market should break the high of wave (w) in the short term.

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