EURUSD was firstly very strong today, but sentiment is now changing here as US session got underway. In, we see nice bounce since end of April which is in five waves, thus it can be coming to an end. Also, notice that price is now already back at the area of a former wave four near 1.1521, but because decline is very sharp we expect more weakness ahead as any turning point should be structured by minimum three waves. That said, be aware of a move down back to 1.1447 while 1.1615 high is in.
EURUSD, 1H
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