If this Elliott Wave count is correct, EURUSD is heading down to complete wave 5 of 5 of A in an 'Ending Diagonal' pattern.
Details as shown on chart.
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Heading down to 1.1200 (Wave 5 Green on main chart)
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Price moving lower
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1. Wave 4 crossed Wave 1 territory by wick. 2. RSI still within downwards channel.
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Wave count still valid
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Still running on counts
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Extended correction for Wave 4 (white) compared to last count.
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Slight change in wave count as more data gathered. I'm still bearish.
Trade closed manually
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A recount initiated. New chart at link provided below.