EURUSD has been trading bearish since 2017, however, price did still temporarily slow down for a pause within the bearish trend. We are talking about a wave B correction with three legs, which can face resistance and a reversal at the 1.141/1.151 area. A sharp drop in impulsive fashion (five minor waves) would suggest a bearish continuation.
That said, a drop below the 1.090 level would confirm further weakness.
EURUSD, daily
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