EUR/USD Undergoing A Temporary Correction; More Gains Could Follow

Forex Technical Analyst • Jun 28, 2017 at 10:17 AM EDT

EUR/USD flashed lower on the comments that Draghi statement was misinterpreted by markets and we had a 100 pip move lower.

US markets are about to open. EUR/USD flashed lower on the comments that Draghi statement was misinterpreted by markets and we had a 100 pip move lower. But beware, this may still only be a temporary correction lower, before a new five wave rally higher into wave five occurs.

EUR/USD, 1H

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