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Wave analysis
Analysis of EUR/USD pair on August 15, 2024
The wave pattern of EUR/USD on
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15.08.2024 04:30 PM
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15.08.2024 04:30 PM
The wave pattern of EUR/USD on the 4-hour chart is starting to take on a more complex shape. If we analyze the entire trend segment that began in September 2022, when the euro dropped to 0.9530, it appears that we are inside an upward set of waves. However, even within this segment, it's challenging to distinguish larger-scale waves. In other words, there is no clear impulsive trend. We are observing a constant alternation of three- and five-wave corrective structures. The
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