Elliott waves for Forex correlation analysis

Expectations were fully met. After a solid recovery attempt, the euro failed to hold onto its gains, allowing sellers to return the price to the starting point of the recent upward movement. However, the buyers' troubles seem far from over. The price still has some potential to decline further. Be

The current situation for this pair continues to unfold within the previously proposed wave scenario. The formation of the ascending impulse is likely complete, which explains the current price decline. The market is now in a corrective phase, probably taking the form of a simple zigzag. The first

The price continues to drag out the formation of the final wave in the ending diagonal triangle. Although it seems that the upper boundary of the channel is within reach, the price has not been able to get there throughout the current trading week. It might happen today, which means the next tradi