Elliott Wave Analysis: EURUSD Could See A Nice Reversal In The Next Few Sessions
|On the 4h chart of EURUSD we are observing a three wave move developing in wave 4), with price now particularly trading in sub-wave C. As we can see on the updated count, wave C could unfold as an ending diagonal, a powerful reversal pattern that can after its completion cause a sharp reversal lower into wave 5). Decline below wave four swing support and then towards 1.0454 level would suggest lower levels to follow.
EURUSD, 4H
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