empty
28.06.2021 05:00 PM
Wave analysis of EUR/USD for June 28, 2021

EUR/USD, H4:

This image is no longer relevant

So, we see the continuation of the construction of a deep correction 4 in the form of a triple zigzag. The last part of this triple zigzag - the subwave [Z] - is still in the process of development. Its structure is similar to the double combination (W)-(X)-(Y).

The wave (W), which has taken the form of a double zigzag, and the wave bundle (X) are fully completed. Currently, we see the formation of the final acting wave (Y).

The wave (Y) is most likely to take the form of a simple zigzag A-B-C. It seems that the upward corrective wave B has come to an end. To understand this, let's look at the last section of the graph on H4.

EUR/USD, H1:

This image is no longer relevant

After the end of the downward wave A, which took the form of a simple five-wave impulse [1]-[2]-[3]-[4]-[5], the price began to rise within the corrective wave B.

Wave B seems to have come to an end. It consists of three subwaves [W] - [X] - [Y] and is a double zigzag. After the completion of this construction, the market went down. We see a small downside segment, which may indicate the beginning of the formation of the final impulse wave C.

It seems that the formation of wave B has come to an end. It consists of three subwaves [W]-[X]-[Y] and is a double zigzag. After the completion of this construction, the market went down. We see a small downward section, which may indicate the beginning of the formation of the final impulse wave C.

Most likely, the price will reach the price mark of 1.1702. This is the previous minimum. When opening deals from the current level, you can earn about 224 points.

Roman Onegin,
Analytical expert of InstaForex
© 2007-2025
Select timeframe
5
min
15
min
30
min
1
hour
4
hours
1
day
1
week
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

GBP/USD Analysis on July 2, 2025

The wave pattern for GBP/USD continues to suggest the formation of an upward impulsive wave sequence. The wave pattern closely resembles that of EUR/USD, since the U.S. dollar remains

Chin Zhao 20:33 2025-07-02 UTC+2

EUR/USD Analysis on July 2, 2025

The wave pattern on the 4-hour chart for EUR/USD continues to indicate the formation of an upward trend segment. The trade war initiated by Donald Trump was intended to boost

Chin Zhao 20:31 2025-07-02 UTC+2

GBP/USD Analysis on June 30, 2025

The wave pattern for GBP/USD continues to suggest the formation of an upward impulsive wave pattern. The wave picture is nearly identical to that of EUR/USD, as the U.S. dollar

Chin Zhao 20:00 2025-06-30 UTC+2

EUR/USD Analysis on June 30, 2025

The wave pattern on the 4-hour chart for EUR/USD continues to indicate the formation of an upward trend segment. Until February 28, when the U.S. dollar began to decline

Chin Zhao 19:47 2025-06-30 UTC+2

Weekly Forecast Based on Simplified Wave Analysis for GBP/USD, AUD/USD, USD/CHF, EUR/JPY, EUR/CHF, and the US Dollar Index as of June 30th

In the coming trading days, the British pound is expected to continue its sideways movement. A return to the resistance zone is likely, followed by a possible reversal and resumption

Isabel Clark 11:27 2025-06-30 UTC+2

Weekly Forecast Based on Simplified Wave Analysis for EUR/USD, USD/JPY, GBP/JPY, USD/CAD, NZD/USD, and GOLD as of June 30th

In the coming days, the euro is expected to remain in a sideways flat phase. Near the calculated resistance area, there is a high chance of a pause

Isabel Clark 10:57 2025-06-30 UTC+2

GBP/USD Analysis on June 26, 2025

The wave pattern for GBP/USD continues to indicate the development of a bullish impulsive wave structure. The wave layout is almost identical to that of EUR/USD, as the sole reason

Chin Zhao 19:27 2025-06-26 UTC+2

EUR/USD Analysis on June 26, 2025

The wave pattern on the 4-hour chart for EUR/USD continues to indicate the formation of an upward trend segment. Until February 28, when the decline of the U.S. dollar began

Chin Zhao 19:20 2025-06-26 UTC+2

EUR/USD Analysis on June 25, 2025

The wave pattern on the 4-hour chart for EUR/USD continues to indicate the formation of a bullish trend segment. Until February 28, when the U.S. dollar began to decline

Chin Zhao 19:10 2025-06-25 UTC+2

GBP/USD Analysis on June 24, 2025

The wave pattern for GBP/USD continues to indicate the formation of a bullish impulsive wave sequence. The wave pattern is nearly identical to that of EUR/USD, as the main driver

Chin Zhao 19:35 2025-06-24 UTC+2
Can't speak right now?
Ask your question in the chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.