The chart above predicts the monthly downtrend of EURUSD's Time Wave.
The location of the price may be different, but we expect it to be drawn in the order of daily, weekly, monthly downtrend.
Now, the rebound of EURUSD is not a rebound driven by momentum,
As it is a technical rebound by selling dollar, a daily bearish wave is expected when this is over.
After the daily wave ends and the bottom is confirmed, there will be a weekly rebound again,
It won't be strong either.
In December, we expect a weekly rebound to break the last daily correction trend line of the downtrend.
good luck.
The location of the price may be different, but we expect it to be drawn in the order of daily, weekly, monthly downtrend.
Now, the rebound of EURUSD is not a rebound driven by momentum,
As it is a technical rebound by selling dollar, a daily bearish wave is expected when this is over.
After the daily wave ends and the bottom is confirmed, there will be a weekly rebound again,
It won't be strong either.
In December, we expect a weekly rebound to break the last daily correction trend line of the downtrend.
good luck.