is well into its last leg lower, within the expanded flat wave structure a-b-c labelled on the chart here. The currency pair could have either formed a meaningful low yesterday at 1.1563 levels or it is very close to terminating wave c at 1.1500/50 levels. We have highlighted a potential buy zone for EURUSD
in a rectangle
on the hourly chart. Please note that a nearly 300 pip drop was presented earlier around 1.1810/20 levels earlier, which is about to complete soon. Looking at the wave structure, the medium term bullish
story could resume any moment from around 1.1500/50 levels.
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