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EURUSD – Fifth wave advance to continue – December 11th, 2020

EUR/USD, 12H chart. It seems like wave 4 might take the form of a double zigzag. If correct, a fifth-wave advance should move on in the short term, so we could see the price even higher this week.

EUR/USD, 120Minutes chart. The market has been moving up since wave ((ii)) finished as a zigzag. It’s highly likely that there’s a developing extension in wave ((iii)). Wave (iv) is over, so the fifth wave is going to continue unfolding in the coming hours.

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