Elliott wave Analysis: EUR/USD Update
|Hi traders,
EURUSD is nicely trading lower, now breaking below the 1.142 bearish level which indicates a completed correction and a minimum three-wave drop in play. At the moment we see price unfolding wave i of C, which can look for support and a temporary corrective recovery near the Fibonacci projection zone of 261.8 and at the lower channel line.
EURUSD, 4h
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