EURUSD closed with declines yesterday, suggesting more weakness in play for the next few sessions, as the first leg down unfolded in an impulsive manner. We label it as wave 1/A, so more weakness is expected after the current wave 2/B pullback, which should finish soon. From a higher perspective, we still need a 1.1231 overlap to confirm a weaker EURUSD.
EURUSD 1h Elliott Wave Analysis
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