On the updated count of EURUSD we see price trading out of a zig-zag correction, that was in progress since January 2017. Current intraday weakness may be the first sign of a completed wave C of the zig-zag, meaning a three wave reversal to the downside may start to unfold. At the moment we see price trading in the first wave 1). Let's be aware of corrections that may pop up during the process and the next one is corrective wave 2), that may later find some resistance around the previous swing low at the 1.0759 level.
EURUSD, 4H




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