Bigger correction down for EU

SAXO:EURUSD   Euro / U.S. Dollar
Hi traders,

Last week EU went down and up in a range. The way price is moving it looks like it will make a bigger correction down to maybe finish the E-leg.

If this analysis is correct we could see another downmove next week.

After that we could see the bigger upmove.

Trade idea: Wait for a change in orderflow to bearish to trade shorts after the finish of a correction down on a lower timeframe.

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This shared post is only my point of view on what could be the next move in this pair based on my analysis. I do not provide signals.

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