EURUSD was higher this week and it finally moved up to 1.1460-1.1500 area with subwave C) that represents final leg within a three wave recovery. As such, despite higher prices traders must be aware of a bearish waves in the next few trading days especially as decline from 1.1714 was made in five waves, so this downtrend should continue when correction completes. We can already see some interesting sell-off so ideally bears are in place. However, break beneath 1.1300 is needed for final bearish confirmation.
EURUSD, 4h
EURUSD, 4h
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