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Back Wave analysis
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Back Wave analysis
Weekly Simplified Wave Analysis Forecast for EUR/USD, USD/JPY, GBP/JPY, USD/CAD, NZD/USD, and Gold — July 6th
EUR/USDAnalysisAnalysis of the euro's primary currency
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EUR/USDAnalysisAnalysis of the euro's primary currency pair indicates that the latest bearish wave structure, which began at the end of January this year, remains incomplete. In its final segment (C), after breaking below a major support level, the pair has spent the past two weeks consolidating below it while forming an intermediate correction. At the time of writing, the corrective structure appears complete, although there are still no confirmed signals of an imminent reversal.ForecastDuring the coming week, the euro is
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Isabel Clark,
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