Elliott waves analysis – EUR/USD: Euro Expected to Slightly Increase.

The situation continues to unfold according to the previously outlined plan.

The euro has confidently declined and updated the local minimum, presumably completing wave a in the second part of the anticipated double zigzag.

Currently, there is an attempt at recovery, which will take some more time. This situation can be used for cautious buy trades with small targets.

The expected rise is within the formation of wave b of y. This is a corrective part, so strong movements are not expected.