Bears Still In Charge On EUR/USD
EUR/USD has ended a big, bearish cycle down from 1.256 area, with an Elliott wave ending diagonal in the final piece of a bigger wave A impulse at the 1.087 low. Price then followed with a correction in a wave B and found resistance at the 1.122 level from where a new sharp drop unfolded. This drop can be a suggestion of lower prices to followed on the EUR/USD in a five-wave manner.
EUR/USD, daily
Also, check our new video below about the EUR/USD.
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