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EUR/USD Medium Term

FX:EURUSD   Euro/U.S. Dollar
48 0 1
Since the e wave is longer than the c wave, the pattern just about classifies as an expanding triangle. The severe downward trend after wave e, strongly suggests that this is in fact where it ended.

The best guess is that an x wave will follow wave e, suggesting a sideways or downward trend, which will probably continue for some time. The future might bring complex corrections. Look for major support at 1.3000.
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