nezyrinfx

EUR/USD WXY Correction

Long
FX:EURUSD   Euro / U.S. Dollar
Decline from peak of 1.1482 suggesting price ended as 3 waves decline at low of 1.1300 to make Wave (X) of an WXY Corrective Wave structure. However, on an alternate view, the ABC Correction from low of 1.1185 could have ended at the peak of 1.1482 and the decline from that peak could have unfolded as 5 waves. Double correction to the upside is still possible and should not be ruled out as long as price did not break low of 24th November 2021.
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