Elliott Wave Analysis: EURUSD Looking Lower, After Correction

FX:EURUSD   Euro / U.S. Dollar
If USD index is going up, then EURUSD             should fall further as well, but after a pullback up to around 1.1290-1.1300 area. We see EURUSD             in bearish trend as long as price is beneath 1.1346.

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What's happened with invalidation level?
+1 Reply
Nothing, looks like a bottom was placed at 1.12339 , and blue wave 4 would now be in such case, where red wave 4 is(at 1.12838) and red wave 4 would be at 1.13277.
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