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The Eurodollar suggests the construction of a cycle correction IV. Most likely, it takes the form of a primary double zigzag Ⓦ-Ⓧ-Ⓨ.

The final actionary wave Ⓨ may be in the process of development, taking the form of an intermediate double zigzag (W)-(X)-(Y).

Recently, a complex intervening wave (X) could end in the form of a minor triple zigzag. Now an intermediate wave (Y) is being formed, which may take the form of a double zigzag W-X-Y. A bullish movement is expected to 1.121. At that level, waves (W)-(Y) will be equal.

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The second scenario shows that the entire cycle correction IV has already been fully completed.

In the last section of the chart, the development of the initial part of a new bearish trend may occur. Perhaps the beginning of the impulse is being built, which will consist of primary waves ①-②-③-④-⑤.

The primary correction ② looks completed with a double zigzag. Thus, market participants can expect a decline in impulse ③ below the minimum of 1.051.

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