Elliott waves analysis – EUR/USD: Resumption of Decline in the Corrective Pattern.

The situation is unfolding exactly as anticipated within the proposed wave scenario. During the past trading day, the price rose as expected, but the movement was much stronger than anticipated. This likely formed the connecting wave x in the double zigzag pattern.

If this is indeed the case, we can expect a decline driven by the formation of the second wave in this complex corrective structure. This presents a promising trading opportunity.

Consider opening sell positions at the current price levels.