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EUR/USD: Correction Up To 1.3500 Before A Move Down

Published 11/12/2013, 03:09 AM
Updated 07/09/2023, 06:31 AM
EUR/USD
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EUR/USD reversed sharply to the downside in the last few days, clearly in five waves from above 1.3800 with a daily and weekly close price beneath the channel line connected from July lows. This break indicates a change in trend, and possible completion of a larger three wave rally in wave E. But as always, we are focused on minimum expectations for the next few days and weeks, and that is a three wave decline from the top which is also expected on the alternate count which shows an incomplete wave E from 2012 low.
EUR/USD 4h
EURUSD 4h Elliott Wave
Sentiment Table
Sentiment Table

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