EURUSD: Now Breaking Down on a Higher Timeframe

OANDA:EURUSD   Euro / U.S. Dollar
EURUSD has reversed from the HOP level of a Bearish Alternate Bat after having earlier went beyond the standard PCZ, and now the EURUSD is back below the PCZ and breaking down on a much more significant timeframe both in terms of Price Action and PPO.

I think that things should continue as expected and that it will go for $1.035 and then go for the bigger targets under $1 for the reasons highlighted on the Monthly Chart below:


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