EUR/USD Bearish Continuation

The EUR/USD seems prepared for one more leg down to test the 1.16 support zone before continuing with the uptrend.

The EUR/USD seems prepared for one more leg down to test the 1.16 support zone before continuing with the uptrend.

The arguments in favor of a larger bearish correction include:

  1. The EUR/USD completed 5 bearish waves
  2. Price showed divergence between the tops
  3. Price is moving with the trend in a corrective way

Video Length: 00:09:24

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