Elliott waves for Forex correlation analysis

Buyers decided not to rush things, choosing a more calm character for their upward movement. The local maximum was not updated during the last trading day, and a smooth corrective decline continued. However, today it is expected that activity from the euro will increase, leading to the development

During the last trading day, there were no significant changes in the previously considered wave pattern. Control over the current situation remained with buyers. However, the price has not yet managed to rise further. Apparently, the last trading day was spent on developing an internal correction

After the breakdown of the upward structure, representing the breakdown of the minimum of the second wave in the final diagonal triangle, the downward movement immediately stopped abruptly. Presumably, a downward impulse formed, which is the first wave in the impulse of a larger time frame. Then,