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traderpulse
Dec 28, 2020 11:51 AM

EUR/USD Wave Analysis  Short

FX:EURUSD240
Euro Fx/U.S. DollarFXCM

Description

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The counter is currently in a 3-wave bear cycle.
Now, it has completed its wave B and is poised to commence its wave C.
The engulfing bearish candle has marked the beginning of wave C and hence we expect the pair to be bearish in the near-term.
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