EURUSD made a strong leg down over the last two weeks from around 1.1464 where we labeled end of a corrective rally from March lows. As such, we see EURUSD turning bearish again, so despite current recovery with sharp price action back to 1.1200 area rally can be corrective. In fact, we see price now at 61.8%, and at the level of a former swing high which can be ideal zone for a new bearish turn. that said, keep an eye on decline back to 1.1005 where overlap will confirm bearish scenario for the pair.
EURUSD 4h Elliott Wave Analysis
Eurusd ellitot wave

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