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EURUSD : More Weakness Could Be Seen In Days Ahead

FX:EURUSD   Euro / U.S. Dollar
EURUSD             fell with five waves from 1.1460 which is important bearish evidence for even weaker EUR in days ahead. The reason for bearish view is also a broken channel from 1.1084 which means that trend is down. That said, current rally from 1.1104 is probably just a correction within ongoing weakness; maybe it's even wave (2) so strong sell-off can be seen into wave (3) soon.
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possible w2 triangle?
+1 Reply
nikokoev rlong9500
I'm also think that wave 2 could be 5 waves triangle. And this triangle could be finished till NFP, and then to start massive wave 3.
+1 Reply
Yes it could be a triangle, but nonetheless we expect the price to trade lower in days ahead.
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