EURUSD fell sharply lower yesterday and closed beneath the trendline connected from August 7th which is first indication for a completed wave (2) which was smaller than we firstly thought. If count is correct then price can be headed much lower into wave (3) now, towards 1.0800 area, but it may not be a bad idea to wait another day as today we have a very important NFP report, which can shake the markets hard. Technically speaking, trend is down as 1.1328 holds.
EURUSD 4h Elliott Wave Analysis
eurusd elliott wave

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