Best Analysis AwardEURUSD has turned up in mid-March and made bullish price structure much more complicated. Back then we were tracking big blue wave C-circled fully shown on a daily chart that is part of a big triangle. Well, based on recent reversal from the highs and break beneath 1.1326 swing low we suspect that wave C-circled is finished and that new three wave move lower is underway. We are looking at wave D that can be headed much lower after current wave B) is completed.

EURUSD, 4H

 

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